Zacks: Analysts Anticipate Sierra Wireless, Inc. (NASDAQ:SWIR) Will Post Earnings of $0.06 Per Share

Wall Street brokerages expect that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will post $0.06 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sierra Wireless’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.05. Sierra Wireless posted earnings of $0.27 per share during the same quarter last year, which indicates a negative year over year growth rate of 77.8%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Sierra Wireless will report full-year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.33. For the next financial year, analysts expect that the firm will post earnings of $0.76 per share, with EPS estimates ranging from $0.72 to $0.83. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its earnings results on Thursday, May 9th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $173.81 million for the quarter, compared to the consensus estimate of $172.24 million. Sierra Wireless had a positive return on equity of 0.40% and a negative net margin of 3.52%. Sierra Wireless’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share.

A number of analysts recently issued reports on SWIR shares. BidaskClub downgraded Xperi from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 19th. National Bank Financial lifted their price target on Yamana Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a report on Friday, May 10th. Raymond James reiterated a “buy” rating on shares of Canadian Natural Resources in a report on Friday, May 10th. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Friday, July 12th. Finally, Zacks Investment Research cut G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.39.

A number of institutional investors have recently bought and sold shares of SWIR. Mascoma Wealth Management LLC grew its holdings in Sierra Wireless by 77.3% during the first quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock worth $33,000 after purchasing an additional 1,160 shares during the period. Penserra Capital Management LLC bought a new position in Sierra Wireless during the first quarter worth about $76,000. Armor Investment Advisors LLC bought a new stake in shares of Sierra Wireless during the first quarter worth approximately $125,000. Legal & General Group Plc boosted its holdings in shares of Sierra Wireless by 251.8% during the fourth quarter. Legal & General Group Plc now owns 14,416 shares of the communications equipment provider’s stock worth $193,000 after acquiring an additional 10,318 shares during the period. Finally, NEXT Financial Group Inc boosted its holdings in shares of Sierra Wireless by 2,441.7% during the second quarter. NEXT Financial Group Inc now owns 16,521 shares of the communications equipment provider’s stock worth $200,000 after acquiring an additional 15,871 shares during the period. Institutional investors and hedge funds own 26.73% of the company’s stock.

Shares of NASDAQ:SWIR traded down $0.10 during midday trading on Tuesday, reaching $11.76. The company had a trading volume of 120,488 shares, compared to its average volume of 112,175. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.37 and a current ratio of 1.69. The company’s 50 day moving average is $12.00. The firm has a market capitalization of $425.12 million, a PE ratio of 235.20, a PEG ratio of 294.00 and a beta of 2.18. Sierra Wireless has a 1-year low of $10.80 and a 1-year high of $22.58.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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