iPower (IPW) Scheduled to Post Earnings on Monday

iPower (NASDAQ:IPW – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 15th. Analysts expect iPower to post earnings of ($0.06) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

iPower (NASDAQ:IPW – Get Rating) last issued its earnings results on Tuesday, February 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.10). The company had revenue of $19.26 million during the quarter, compared to analyst estimates of $24.30 million. iPower had a negative net margin of 8.47% and a negative return on equity of 15.34%. On average, analysts expect iPower to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

iPower Stock Performance

Shares of iPower stock opened at $0.62 on Friday. The firm has a market cap of $16.42 million, a PE ratio of -2.38 and a beta of 2.29. The firm’s 50-day simple moving average is $0.58 and its 200-day simple moving average is $0.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 2.17. iPower has a 1 year low of $0.35 and a 1 year high of $1.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of iPower in a research note on Monday, April 24th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On iPower

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in iPower by 21.6% during the third quarter. Vanguard Group Inc. now owns 430,507 shares of the company’s stock worth $289,000 after acquiring an additional 76,583 shares during the period. Millennium Management LLC acquired a new stake in iPower during the second quarter worth about $52,000. Finally, Renaissance Technologies LLC acquired a new stake in iPower during the first quarter worth about $61,000. Institutional investors and hedge funds own 1.85% of the company’s stock.

About iPower

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iPower Inc operates as an online retailer and supplier of hydroponics equipment and accessories for commercial businesses and individuals in the United States. It offers advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening; general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.