$1.55 Billion in Sales Expected for Canadian Solar Inc.

• This Quarter Wall Street analysts forecast that Canadian Solar Inc. will post sales of $1.55 billion for the present quarter, Zacks reports.

3 experts have actually made price quotes for Canadian Solar's revenues, with the most affordable sales quote being available in at $1.53 billion and the highest quote can be found in at $1.55 billion. Canadian Solar reported sales of $1.04 billion in the very same quarter last year, which would certainly recommend a positive year over year development price of 49%. The firm is expected to release its following revenues report on Thursday, March 17th.

Typically, experts expect that Canadian Solar will certainly report full-year sales of $5.29 billion for the current year, with quotes ranging from $5.28 billion to $5.30 billion. For the following financial year, analysts anticipate that the company will report sales of $6.59 billion, with price quotes ranging from $6.49 billion to $6.67 billion. Zacks' sales standards are an average based on a survey of sell-side research study analysts that follow Canadian Solar.

Canadian Solar (NASDAQ: CSIQ) last released its earnings results on Thursday, November 18th. The solar energy supplier reported $0.42 EPS for the quarter, defeating the Zacks' consensus quote of $0.18 by $0.24. The business had profits of $1.23 billion during the quarter, contrasted to analysts' assumptions of $1.34 billion. Canadian Solar had a net margin of 1.59% and a return on equity of 3.55%. The company's quarterly income was up 34.4% compared to the very same quarter last year. Throughout the very same period in the previous year, the business gained $0.15 profits per share.

Several research study companies have actually recently commented on CSIQ. UBS Group cut Canadian Solar from a "purchase" rating to a "sell" score as well as established a $18.00 target cost for the company. in a research study note on Wednesday, August 18th. Citigroup lowered their rate goal on Canadian Solar from $57.00 to $51.00 and established a "buy" ranking on the stock in a research note on Monday, October 4th. Lastly, Wells Fargo & Company launched protection on Canadian Solar in a study report on Monday, November 22nd. They provided an "equivalent weight" score as well as a $44.00 target price on the stock. One expert has actually ranked the stock with a sell ranking, 3 have actually designated a hold rating and also four have provided a buy ranking to the stock. According to MarketBeat.com, Canadian Solar currently has an agreement ranking of "Hold" and also an agreement rate target of $49.38.

A number of hedge funds have actually recently made changes to their settings in CSIQ. Schroder Investment Management Group grew its stake in Canadian Solar by 612.4% in the third quarter. Schroder Investment Management Group currently possesses 1,923,447 shares of the solar power carrier's stock valued at $66,532,000 after getting an additional 1,653,447 shares throughout the duration. Grantham Mayo Van Otterloo & Co. LLC enhanced its stake in shares of Canadian Solar by 73.7% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now has 1,822,633 shares of the solar energy company's stock worth $81,727,000 after buying an extra 773,429 shares throughout the period. Mackenzie Financial Corp grew its placement in Canadian Solar by 81.4% throughout the second quarter. Mackenzie Financial Corp currently owns 1,664,886 shares of the solar energy company's stock worth $74,653,000 after acquiring an additional 746,850 shares in the last quarter. Albar Capital Ltd obtained a brand-new stake in Canadian Solar throughout the 2nd quarter worth around $27,801,000. Lastly, Kylin Management LLC acquired a brand-new stake in shares of Canadian Solar in the 2nd quarter valued at $27,801,000. 53.19% of the stock is currently had by institutional financiers and hedge funds.

NASDAQ CSIQ opened at $32.52 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.31 as well as a beta of 1.54. Canadian Solar has a one year low of $31.40 and a one year high of $67.39. The company has a 50 day basic relocating standard of $37.30 and also a 200-day straightforward moving standard of $38.27. The company has a debt-to-equity ratio of 0.40, a fast ratio of 0.90 and a current ratio of 1.19.