Equities research analysts predict that Just Energy Group Inc (NYSE:JE) (TSE:JE) will post sales of $789.24 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Just Energy Group’s earnings, with the lowest sales estimate coming in at $747.61 million and the highest estimate coming in at $830.87 million. Just Energy Group reported sales of $802.97 million in the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The business is expected to announce its next earnings report on Wednesday, May 15th.
On average, analysts expect that Just Energy Group will report full year sales of $2.95 billion for the current year, with estimates ranging from $2.91 billion to $2.98 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.23 billion, with estimates ranging from $3.17 billion to $3.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Just Energy Group.
Just Energy Group (NYSE:JE) (TSE:JE) last announced its quarterly earnings results on Wednesday, February 6th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Just Energy Group had a net margin of 6.19% and a return on equity of 68.59%. The business had revenue of $731.50 million during the quarter, compared to analyst estimates of $740.75 million.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Just Energy Group by 73.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,093 shares of the utilities provider’s stock worth $33,000 after buying an additional 4,289 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in Just Energy Group during the fourth quarter worth about $42,000. Dfpg Investments Inc. purchased a new stake in Just Energy Group during the fourth quarter worth about $43,000. Roosevelt Investment Group Inc. purchased a new stake in Just Energy Group during the fourth quarter worth about $53,000. Finally, Pensionmark Financial Group LLC purchased a new stake in Just Energy Group during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 28.21% of the company’s stock.
Shares of JE traded down $0.20 during trading hours on Monday, hitting $3.56. 263,047 shares of the stock were exchanged, compared to its average volume of 193,113. Just Energy Group has a fifty-two week low of $2.80 and a fifty-two week high of $4.72. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 3.52. The stock has a market cap of $562.20 million, a PE ratio of 3.02 and a beta of 0.54.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.0941 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.38 annualized dividend and a dividend yield of 10.58%. This is an increase from Just Energy Group’s previous quarterly dividend of $0.09. Just Energy Group’s dividend payout ratio is currently 32.20%.
About Just Energy Group
Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.
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