Sierra Wireless, Inc. (NASDAQ:SWIR) Expected to Announce Earnings of -$0.06 Per Share

Analysts expect Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) to post earnings per share (EPS) of ($0.06) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sierra Wireless’ earnings, with estimates ranging from ($0.08) to ($0.05). Sierra Wireless reported earnings per share of $0.25 during the same quarter last year, which would indicate a negative year-over-year growth rate of 124%. The company is expected to issue its next quarterly earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that Sierra Wireless will report full year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.03. For the next financial year, analysts expect that the business will post earnings of $0.20 per share, with EPS estimates ranging from $0.10 to $0.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its quarterly earnings results on Tuesday, November 5th. The communications equipment provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Sierra Wireless had a negative return on equity of 2.14% and a negative net margin of 8.57%. The business had revenue of $174.03 million for the quarter, compared to analyst estimates of $191.16 million. During the same period last year, the firm earned $0.29 EPS. Sierra Wireless’s quarterly revenue was down 14.5% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the company. TD Securities dropped their price target on Sierra Wireless from $13.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. ValuEngine upgraded shares of Sierra Wireless from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th. TheStreet downgraded shares of Sierra Wireless from a “c-” rating to a “d+” rating in a report on Wednesday, September 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price objective (down from $14.00) on shares of Sierra Wireless in a research report on Wednesday, November 6th. Finally, Raymond James cut shares of Sierra Wireless from an “outperform” rating to a “market perform” rating and set a $13.00 target price for the company. in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.00.

Shares of NASDAQ SWIR traded down $0.11 during midday trading on Friday, hitting $9.04. 328,804 shares of the company’s stock were exchanged, compared to its average volume of 252,157. The company has a quick ratio of 1.21, a current ratio of 1.51 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $327.46 million, a PE ratio of 69.54 and a beta of 1.84. Sierra Wireless has a 12 month low of $7.72 and a 12 month high of $16.13. The company’s 50 day moving average price is $9.61 and its 200 day moving average price is $11.06.

Hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley increased its position in Sierra Wireless by 20.7% during the second quarter. Morgan Stanley now owns 279,661 shares of the communications equipment provider’s stock worth $3,378,000 after acquiring an additional 47,961 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Sierra Wireless by 7.0% during the second quarter. CIBC Asset Management Inc now owns 21,073 shares of the communications equipment provider’s stock worth $255,000 after purchasing an additional 1,383 shares during the period. GSA Capital Partners LLP bought a new position in shares of Sierra Wireless during the second quarter worth approximately $145,000. Brandes Investment Partners LP raised its position in shares of Sierra Wireless by 4,811.0% in the second quarter. Brandes Investment Partners LP now owns 3,744,487 shares of the communications equipment provider’s stock valued at $45,234,000 after buying an additional 3,668,240 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Sierra Wireless by 25.9% in the second quarter. Royal Bank of Canada now owns 46,258 shares of the communications equipment provider’s stock valued at $559,000 after buying an additional 9,521 shares in the last quarter. Institutional investors and hedge funds own 32.48% of the company’s stock.

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Get a free copy of the Zacks research report on Sierra Wireless (SWIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sierra Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit