Shoals Technologies Group (SHLS) Projected to Post Quarterly Earnings on Tuesday

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $74.66 million for the quarter.

Shoals Technologies Group (NASDAQ:SHLS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $107.00 million during the quarter, compared to analyst estimates of $102.16 million. Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.78%. Shoals Technologies Group's revenue for the quarter was down 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.12 EPS. On average, analysts expect Shoals Technologies Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shoals Technologies Group Stock Performance

NASDAQ SHLS traded up $0.07 during trading on Friday, reaching $3.84. The company's stock had a trading volume of 6,051,196 shares, compared to its average volume of 5,835,039. Shoals Technologies Group has a 12 month low of $2.71 and a 12 month high of $9.17. The firm has a 50 day moving average price of $3.32 and a 200 day moving average price of $4.39. The firm has a market capitalization of $641.26 million, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 0.52 and a beta of 1.54. The company has a current ratio of 2.08, a quick ratio of 1.36 and a debt-to-equity ratio of 0.26.

Analysts Set New Price Targets

Several equities analysts have weighed in on SHLS shares. UBS Group dropped their price objective on Shoals Technologies Group from $8.00 to $7.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Truist Financial cut their price objective on shares of Shoals Technologies Group from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Roth Mkm decreased their target price on shares of Shoals Technologies Group from $5.00 to $4.50 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on shares of Shoals Technologies Group from $9.00 to $7.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, Mizuho reduced their price target on shares of Shoals Technologies Group from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.87.

Insider Buying and Selling

In other Shoals Technologies Group news, CEO Brandon Moss sold 21,700 shares of Shoals Technologies Group stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $3.07, for a total transaction of $66,619.00. Following the transaction, the chief executive officer now directly owns 1,051,303 shares of the company's stock, valued at approximately $3,227,500.21. The trade was a 2.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 40,575 shares of company stock worth $123,957 in the last ninety days. Company insiders own 1.67% of the company's stock.

Shoals Technologies Group Company Profile

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.