Q2 2022 EPS Estimates for Enphase Energy, Inc. Increased by KeyCorp (NASDAQ:ENPH)
Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) – Analysts at KeyCorp increased their Q2 2022 earnings per share (EPS) estimates for Enphase Energy in a report released on Tuesday, June 14th. KeyCorp analyst S. Karp now forecasts that the semiconductor company will earn $0.57 per share for the quarter, up from their prior forecast of $0.49. KeyCorp has an “Overweight” rating and a $220.00 price target on the stock. The consensus estimate for Enphase Energy’s current full-year earnings is $2.34 per share. KeyCorp also issued estimates for Enphase Energy’s Q3 2022 earnings at $0.62 EPS, Q4 2022 earnings at $0.67 EPS, FY2022 earnings at $2.34 EPS and FY2023 earnings at $3.22 EPS. Enphase Energy (NASDAQ:ENPH – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Enphase Energy had a return on equity of 45.30% and a net margin of 10.88%. The firm had revenue of $441.29 million for the quarter, compared to analyst estimates of $434.21 million. During the same quarter in the prior year, the company posted $0.48 earnings per share.
A number of other research analysts have also weighed in on the company. B. Riley upped their price objective on Enphase Energy from $155.00 to $171.00 in a report on Wednesday, April 27th. StockNews.com began coverage on Enphase Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet upgraded Enphase Energy from a “c+” rating to a “b” rating in a research report on Thursday, April 7th. Stephens began coverage on Enphase Energy in a research report on Wednesday, April 13th. They set an “overweight” rating and a $280.00 target price on the stock. Finally, Cowen boosted their target price on Enphase Energy from $227.00 to $240.00 in a research report on Wednesday, April 27th. Six research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $237.67.
Shares of ENPH stock opened at $169.60 on Friday. The business’s fifty day moving average price is $175.92 and its 200 day moving average price is $173.23. Enphase Energy has a 1-year low of $113.40 and a 1-year high of $282.46. The firm has a market capitalization of $22.90 billion, a PE ratio of 144.95 and a beta of 1.41. The company has a debt-to-equity ratio of 3.62, a current ratio of 3.44 and a quick ratio of 3.22.
In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 37,500 shares of the company’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $200.01, for a total transaction of $7,500,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin John Kortlang sold 25,000 shares of the company’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $197.89, for a total value of $4,947,250.00. Following the sale, the director now owns 249,289 shares of the company’s stock, valued at $49,331,800.21. The disclosure for this sale can be found here. Insiders have sold 140,200 shares of company stock worth $27,709,459 over the last quarter. 4.80% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the business. Walleye Capital LLC acquired a new stake in shares of Enphase Energy in the first quarter valued at about $1,732,000. Kestra Private Wealth Services LLC grew its stake in shares of Enphase Energy by 99.2% in the first quarter. Kestra Private Wealth Services LLC now owns 3,759 shares of the semiconductor company’s stock valued at $758,000 after buying an additional 1,872 shares in the last quarter. Gradient Investments LLC grew its stake in shares of Enphase Energy by 97.6% in the first quarter. Gradient Investments LLC now owns 998 shares of the semiconductor company’s stock valued at $201,000 after buying an additional 493 shares in the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Enphase Energy in the first quarter valued at about $1,059,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Enphase Energy in the first quarter valued at about $339,000. Institutional investors own 68.30% of the company’s stock.
About Enphase Energy (GetRated)
Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services.
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