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

Enphase Energy (NASDAQ:ENPH) released 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 net margin of 4.91% and a return on equity of 10.56%.

Enphase Energy Price Performance

Enphase Energy stock traded up $2.34 during trading hours on Tuesday, hitting $66.25. 6,235,933 shares of the company traded hands, compared to its average volume of 3,616,227. Enphase Energy has a 1-year low of $58.33 and a 1-year high of $141.63. The firm has a market cap of $8.95 billion, a P/E ratio of 150.57, a P/E/G ratio of 8.22 and a beta of 1.68. The firm’s 50-day simple moving average is $69.11 and its two-hundred day simple moving average is $89.39. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Barclays reduced their target price on shares of Enphase Energy from $114.00 to $91.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley cut their price objective on Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, November 15th. Roth Mkm decreased their target price on Enphase Energy from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Raymond James lowered their target price on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Enphase Energy presently has an average 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.