Nextracker (NXT) Set to Announce Earnings on Thursday

Nextracker (NASDAQ:NXT) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Nextracker to post earnings of $0.66 per share for the quarter. Nextracker has set its FY25 guidance at $2.89-$3.09 EPS and its FY 2025 guidance at 2.890-3.090 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Nextracker (NASDAQ:NXT) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.38. The company had revenue of $736.52 million during the quarter, compared to analyst estimates of $681.03 million. Nextracker had a negative return on equity of 13.70% and a net margin of 12.25%. On average, analysts expect Nextracker to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Nextracker Stock Performance

Shares of Nextracker stock opened at $46.88 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $6.80 billion, a P/E ratio of 13.95 and a beta of 2.52. The business has a fifty day simple moving average of $51.82 and a two-hundred day simple moving average of $51.50. Nextracker has a 12 month low of $32.14 and a 12 month high of $62.31.

Insider Activity

In other Nextracker news, insider Bruce Ledesma sold 12,135 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $43.91, for a total value of $532,847.85. Following the transaction, the insider now owns 17,387 shares of the company’s stock, valued at approximately $763,463.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NXT. Mizuho lowered their price target on Nextracker from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Roth Mkm restated a “buy” rating and set a $70.00 price target on shares of Nextracker in a research note on Wednesday, May 15th. Guggenheim lowered their price objective on Nextracker from $73.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Truist Financial lowered their price target on Nextracker from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Monday. Finally, Barclays lowered their price target on Nextracker from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.36.

Nextracker Company Profile

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.