Analysts expect that Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) will post sales of $40.57 million for the current quarter, Zacks reports. Two analysts have made estimates for Revolution Lighting Technologies’ earnings, with the highest sales estimate coming in at $41.13 million and the lowest estimate coming in at $40.00 million. Revolution Lighting Technologies posted sales of $43.38 million during the same quarter last year, which suggests a negative year over year growth rate of 6.5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Revolution Lighting Technologies will report full-year sales of $166.70 million for the current financial year, with estimates ranging from $165.00 million to $168.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $185.26 million per share, with estimates ranging from $173.00 million to $197.51 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Revolution Lighting Technologies.
Revolution Lighting Technologies (NASDAQ:RVLT) last issued its earnings results on Tuesday, May 1st. The electronics maker reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.08. The firm had revenue of $33.70 million during the quarter, compared to analyst estimates of $33.82 million. Revolution Lighting Technologies had a negative net margin of 32.91% and a negative return on equity of 7.60%.
Separately, HC Wainwright reiterated a “buy” rating and set a $8.00 target price on shares of Revolution Lighting Technologies in a research report on Tuesday, March 13th.
In other news, CFO James Depalma acquired 20,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was bought at an average cost of $3.36 per share, for a total transaction of $67,200.00. Following the completion of the transaction, the chief financial officer now owns 215,000 shares of the company’s stock, valued at $722,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert V. Lapenta acquired 26,476 shares of the business’s stock in a transaction dated Tuesday, March 27th. The stock was purchased at an average price of $3.46 per share, with a total value of $91,606.96. Following the completion of the transaction, the chairman now directly owns 1,001,476 shares of the company’s stock, valued at approximately $3,465,106.96. The disclosure for this purchase can be found here. 41.97% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in Revolution Lighting Technologies during the fourth quarter valued at approximately $101,000. Deutsche Bank AG lifted its position in Revolution Lighting Technologies by 193.4% during the fourth quarter. Deutsche Bank AG now owns 42,573 shares of the electronics maker’s stock valued at $139,000 after purchasing an additional 28,065 shares during the last quarter. UBS Group AG lifted its position in Revolution Lighting Technologies by 47.0% during the first quarter. UBS Group AG now owns 52,191 shares of the electronics maker’s stock valued at $179,000 after purchasing an additional 16,689 shares during the last quarter. Brinker Capital Inc. lifted its position in Revolution Lighting Technologies by 36.4% during the first quarter. Brinker Capital Inc. now owns 53,272 shares of the electronics maker’s stock valued at $183,000 after purchasing an additional 14,212 shares during the last quarter. Finally, Delek Group Ltd. bought a new stake in Revolution Lighting Technologies during the fourth quarter valued at approximately $223,000. Institutional investors and hedge funds own 39.12% of the company’s stock.
Revolution Lighting Technologies traded up $0.03, reaching $4.53, on Monday, MarketBeat.com reports. 219,400 shares of the company’s stock were exchanged, compared to its average volume of 217,051. The company has a quick ratio of 1.28, a current ratio of 2.00 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $93.48 million, a PE ratio of -13.41 and a beta of 0.47. Revolution Lighting Technologies has a 52 week low of $2.95 and a 52 week high of $8.48.
About Revolution Lighting Technologies
Revolution Lighting Technologies, Inc designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company offers interior and exterior LED lamps and fixtures, including signage and control systems.
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