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

Shoals Technologies Group (NASDAQ:SHLS) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Shoals Technologies Group to post earnings of $0.06 per share for the quarter. Shoals Technologies Group has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $130.44 million for the quarter, compared to the consensus estimate of $131.89 million. Shoals Technologies Group had a net margin of 8.18% and a return on equity of 16.02%. On average, analysts expect Shoals Technologies Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shoals Technologies Group Stock Performance

NASDAQ:SHLS opened at $9.00 on Monday. Shoals Technologies Group has a 1-year low of $8.06 and a 1-year high of $28.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.45 and a quick ratio of 1.88. The business has a 50 day moving average of $10.92 and a 200 day moving average of $13.38. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 36.00 and a beta of 1.86.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SHLS shares. Royal Bank of Canada cut their price objective on shares of Shoals Technologies Group from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. UBS Group decreased their price objective on Shoals Technologies Group from $28.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, March 1st. The Goldman Sachs Group lowered their target price on Shoals Technologies Group from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, March 1st. TD Cowen decreased their price target on Shoals Technologies Group from $30.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Shoals Technologies Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Shoals Technologies Group presently has a consensus rating of “Moderate Buy” and an average target price of $20.94.

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.