Sierra Wireless (NASDAQ:SWIR) (TSE:SW) issued its earnings results on Thursday. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03, Fidelity Earnings reports. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $202.20 million. Sierra Wireless had a negative net margin of 2.96% and a positive return on equity of 1.73%. Sierra Wireless’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Sierra Wireless updated its Q4 2018 guidance to $0.22-0.30 EPS and its Q4 guidance to $0.22-$0.30 EPS.
Sierra Wireless stock opened at $16.02 on Friday. Sierra Wireless has a 1-year low of $15.10 and a 1-year high of $23.45. The firm has a market capitalization of $712.31 million, a price-to-earnings ratio of 82.33, a price-to-earnings-growth ratio of 2.46 and a beta of 2.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.33 and a current ratio of 1.61.
SWIR has been the topic of several research analyst reports. BidaskClub raised shares of Sierra Wireless from a “strong sell” rating to a “sell” rating in a research note on Friday, July 13th. National Bank Financial dropped their price objective on shares of Sierra Wireless from $22.00 to $20.00 and set a “$16.55” rating on the stock in a research note on Monday, July 23rd. Royal Bank of Canada dropped their price objective on shares of Sierra Wireless from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, July 30th. CIBC raised shares of Sierra Wireless from a “sector underperform” rating to a “neutral” rating in a research note on Friday, August 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Sierra Wireless in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.22.
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Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
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