Equities analysts expect Revolution Lighting Technologies Inc (NASDAQ:RVLT) to post sales of $38.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Revolution Lighting Technologies’ earnings, with estimates ranging from $38.50 million to $39.00 million. Revolution Lighting Technologies reported sales of $43.10 million in the same quarter last year, which would suggest a negative year over year growth rate of 10.1%. The company is scheduled to report its next earnings report on Thursday, October 25th.

According to Zacks, analysts expect that Revolution Lighting Technologies will report full year sales of $154.60 million for the current year, with estimates ranging from $154.20 million to $155.00 million. For the next year, analysts expect that the business will post sales of $168.35 million, with estimates ranging from $166.70 million to $170.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Revolution Lighting Technologies.

Revolution Lighting Technologies (NASDAQ:RVLT) last issued its earnings results on Thursday, August 2nd. The electronics maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). Revolution Lighting Technologies had a negative return on equity of 9.36% and a negative net margin of 35.43%. The business had revenue of $36.44 million for the quarter, compared to analysts’ expectations of $40.57 million.

Several institutional investors have recently modified their holdings of RVLT. Royce & Associates LP increased its holdings in Revolution Lighting Technologies by 5.2% in the second quarter. Royce & Associates LP now owns 1,162,854 shares of the electronics maker’s stock valued at $4,686,000 after buying an additional 57,400 shares in the last quarter. Northpointe Capital LLC increased its holdings in Revolution Lighting Technologies by 81.8% in the second quarter. Northpointe Capital LLC now owns 948,209 shares of the electronics maker’s stock valued at $3,821,000 after buying an additional 426,531 shares in the last quarter. Northern Trust Corp increased its holdings in Revolution Lighting Technologies by 13.0% in the first quarter. Northern Trust Corp now owns 136,869 shares of the electronics maker’s stock valued at $469,000 after buying an additional 15,785 shares in the last quarter. Paloma Partners Management Co purchased a new position in Revolution Lighting Technologies in the second quarter valued at $245,000. Finally, UBS Group AG increased its holdings in Revolution Lighting Technologies by 47.0% in the first quarter. UBS Group AG now owns 52,191 shares of the electronics maker’s stock valued at $179,000 after buying an additional 16,689 shares in the last quarter. 36.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Revolution Lighting Technologies stock traded up $0.08 during trading on Friday, hitting $2.65. 26,960 shares of the company’s stock were exchanged, compared to its average volume of 173,910. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.38 and a quick ratio of 1.57. Revolution Lighting Technologies has a 52-week low of $2.18 and a 52-week high of $6.15. The stock has a market cap of $63.84 million, a PE ratio of -7.79 and a beta of 0.08.

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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