Enphase Energy (NASDAQ:ENPH) Posts Earnings Results, Misses Estimates By $0.15 EPS

Enphase Energy (NASDAQ:ENPH) announced its quarterly earnings data on Tuesday. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15), Zacks reports. Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%.

Enphase Energy Trading Up 3.7 %

NASDAQ:ENPH traded up $2.34 during trading hours on Tuesday, reaching $66.25. The company’s stock had a trading volume of 6,657,631 shares, compared to its average volume of 3,651,093. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 4.16. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 150.57, a PEG ratio of 8.22 and a beta of 1.68. The firm has a 50-day simple moving average of $69.11 and a 200-day simple moving average of $89.39. Enphase Energy has a 1 year low of $58.33 and a 1 year high of $141.63.

Analyst Ratings Changes

A number of equities analysts have weighed in on ENPH shares. BMO Capital Markets cut their target price on shares of Enphase Energy from $114.00 to $104.00 and set a “market perform” rating for the company in a research report on Monday, October 14th. Guggenheim raised shares of Enphase Energy from a “sell” rating to a “neutral” rating and set a $62.00 price objective for the company in a report on Friday. Canaccord Genuity Group downgraded Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. BNP Paribas cut Enphase Energy from an “outperform” rating to a “neutral” rating and set a $88.00 price target for the company. in a research report on Friday, November 8th. Finally, Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Wednesday, October 23rd. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $93.22.

Enphase Energy Company Profile

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.