Just Energy Group Inc (JE) Expected to Post Earnings of $0.13 Per Share

Analysts expect that Just Energy Group Inc (NYSE:JE) (TSE:JE) will announce earnings of $0.13 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Just Energy Group’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.14. Just Energy Group reported earnings per share of $0.17 during the same quarter last year, which indicates a negative year over year growth rate of 23.5%. The company is expected to report its next quarterly earnings results on Wednesday, May 16th.

According to Zacks, analysts expect that Just Energy Group will report full-year earnings of $0.24 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.40 per share, with EPS estimates ranging from $0.29 to $0.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Just Energy Group.

Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). Just Energy Group had a net margin of 4.95% and a negative return on equity of 158.39%. The company had revenue of $679.41 million during the quarter, compared to analyst estimates of $827.81 million.

A number of equities research analysts have commented on the company. TD Securities lowered Just Energy Group from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. ValuEngine upgraded Just Energy Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Just Energy Group in a research report on Friday, November 10th. Canaccord Genuity restated a “hold” rating and set a $7.25 price objective on shares of Just Energy Group in a research report on Monday, October 16th. Finally, Zacks Investment Research upgraded Just Energy Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $7.17.

Just Energy Group (NYSE:JE) traded down $0.06 during trading hours on Friday, hitting $4.52. The company had a trading volume of 440,284 shares, compared to its average volume of 244,892. The company has a debt-to-equity ratio of -1.21, a current ratio of 0.82 and a quick ratio of 0.78. Just Energy Group has a fifty-two week low of $3.86 and a fifty-two week high of $6.35. The firm has a market cap of $593.28, a price-to-earnings ratio of 8.37 and a beta of 0.85.

Several institutional investors have recently made changes to their positions in the company. TD Asset Management Inc. lifted its holdings in shares of Just Energy Group by 2.0% during the 3rd quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock valued at $31,388,000 after buying an additional 107,600 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Just Energy Group during the 2nd quarter valued at about $4,414,000. Scotia Capital Inc. lifted its holdings in shares of Just Energy Group by 21.5% during the 2nd quarter. Scotia Capital Inc. now owns 436,520 shares of the utilities provider’s stock valued at $2,286,000 after buying an additional 77,159 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of Just Energy Group by 31.2% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 166,875 shares of the utilities provider’s stock valued at $718,000 after buying an additional 39,700 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Just Energy Group by 249.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 96,847 shares of the utilities provider’s stock valued at $507,000 after buying an additional 69,123 shares during the last quarter. Institutional investors and hedge funds own 29.40% of the company’s stock.

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Just Energy Group Company Profile

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

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Earnings History and Estimates for Just Energy Group (NYSE:JE)

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