Enphase Energy (NASDAQ:ENPH – Get Free Report) posted its quarterly earnings results on Tuesday. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06), Briefing.com reports. The firm had revenue of $303.80 million during the quarter, compared to the consensus estimate of $309.73 million. Enphase Energy had a net margin of 9.12% and a return on equity of 16.90%. Enphase Energy’s revenue was down 57.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 EPS. Enphase Energy updated its Q3 2024 guidance to EPS.
Enphase Energy Stock Up 0.5 %
Shares of NASDAQ:ENPH traded up $0.61 during trading on Thursday, hitting $117.52. 5,063,503 shares of the company were exchanged, compared to its average volume of 4,201,008. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 60.89, a P/E/G ratio of 4.79 and a beta of 1.71. Enphase Energy has a fifty-two week low of $73.49 and a fifty-two week high of $176.00. The firm has a fifty day moving average price of $115.20 and a two-hundred day moving average price of $115.30. The company has a current ratio of 4.16, a quick ratio of 3.78 and a debt-to-equity ratio of 1.30.
Insiders Place Their Bets
In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $123.27, for a total transaction of $616,350.00. Following the transaction, the executive vice president now owns 107,943 shares of the company’s stock, valued at approximately $13,306,133.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Enphase Energy news, CFO Mandy Yang bought 4,000 shares of Enphase Energy stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $104.24 per share, for a total transaction of $416,960.00. Following the purchase, the chief financial officer now owns 62,973 shares of the company’s stock, valued at approximately $6,564,305.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $123.27, for a total value of $616,350.00. Following the transaction, the executive vice president now owns 107,943 shares of the company’s stock, valued at $13,306,133.61. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on ENPH
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.
See Also
- Five stocks we like better than Enphase Energy
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- ETF Screener: Uses and Step-by-Step Guide
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- 3 Monster Growth Stocks to Buy Now
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.