Canadian Solar Inc. (NASDAQ: CSIQ) Expected to Blog Post Quarterly Sales of $1.32 Billion
- Wall Street analysts forecast that Canadian Solar Inc. (NASDAQ: CSIQ) will announce sales of $1.32 billion for the existing quarter, Zacks reports.
Three experts have actually given quotes for Canadian Solar's profits. The greatest sales quote is $1.34 billion and the lowest is $1.31 billion. Canadian Solar uploaded sales of $914.36 million during the very same quarter last year, which recommends a favorable year-over-year development rate of 44.4%. The company is expected to announce its next quarterly profits report before the marketplace opens on Thursday, November 18th.
According to Zacks, experts anticipate that Canadian Solar will report full year sales of $5.79 billion for the current fiscal year, with quotes varying from $5.73 billion to $5.84 billion. For the next fiscal year, experts anticipate that the business will certainly post sales of $6.43 billion, with quotes ranging from $6.24 billion to $6.60 billion. Zacks Investment Research study's sales standards are a mean average based upon a survey of analysts that offer insurance coverage for Canadian Solar.
Several equities research experts have actually released reports on CSIQ shares. Citigroup decreased their cost objective on shares of Canadian Solar from $57.00 to $51.00 as well as set a "buy" ranking for the firm in a research note on Monday, October 4th. UBS Group downgraded shares of Canadian Solar from a "get" ranking to a "sell" score and established a $18.00 rate objective for the company. in a study note on Wednesday, August 18th. Lastly, JPMorgan Chase & Co. improved their price objective on shares of Canadian Solar from $49.00 to $51.00 and also gave the supply a "neutral" ranking in a study note on Wednesday, July 21st. Two equities study analysts have ranked the stock with a sell ranking, two have released a hold ranking and also 6 have actually provided a buy score to the company's stock. According to MarketBeat.com, Canadian Solar currently has an agreement rating of "Hold" as well as a consensus cost target of $48.10.
A number of hedge funds and also various other institutional investors have actually recently dealt shares of CSIQ. Schroder Investment Management Group boosted its risk in Canadian Solar by 612.4% during the 3rd quarter. Schroder Investment Management Group now owns 1,923,447 shares of the solar power supplier's supply valued at $66,532,000 after obtaining an added 1,653,447 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Canadian Solar by 73.7% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC currently possesses 1,822,633 shares of the solar energy carrier's supply valued at $81,727,000 after getting an added 773,429 shares throughout the last quarter. Mackenzie Financial Corp boosted its risk in Canadian Solar by 81.4% during the second quarter. Mackenzie Financial Corp now possesses 1,664,886 shares of the solar power carrier's stock valued at $74,653,000 after getting an added 746,850 shares during the last quarter. Albar Capital Ltd got a brand-new setting in Canadian Solar throughout the 2nd quarter valued at $27,801,000. Lastly, Kylin Management LLC got a new position in Canadian Solar during the 2nd quarter valued at $27,801,000. Hedge funds as well as various other institutional investors own 53.19% of the business's supply.
Shares of CSIQ supply opened up at $39.57 on Tuesday. Canadian Solar has a one year low of $31.40 and also a one year high of $67.39. The business has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and also a current ratio of 1.13. The company has a 50 day relocating ordinary price of $36.68 and also a 200 day relocating average cost of $38.26. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 49.46, a price-to-earnings-growth ratio of 1.80 and also a beta of 1.47.
