Analysts predict that Just Energy Group, Inc. (NYSE:JE) (TSE:JE) will report earnings per share of $0.04 for the current quarter, Zacks reports. Two analysts have made estimates for Just Energy Group’s earnings. The highest EPS estimate is $0.04 and the lowest is $0.03. Just Energy Group posted earnings of ($0.04) per share in the same quarter last year, which would suggest a positive year over year growth rate of 200%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, August 9th.

On average, analysts expect that Just Energy Group will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.25 to $0.38. For the next fiscal year, analysts forecast that the firm will post earnings of $0.45 per share, with EPS estimates ranging from $0.28 to $0.61. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Just Energy Group.

Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings data on Wednesday, May 17th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.11. Just Energy Group had a net margin of 12.37% and a negative return on equity of 84.39%. The firm had revenue of $715.64 million during the quarter, compared to analysts’ expectations of $815.35 million.

Several research firms have recently issued reports on JE. FBR & Co set a $8.00 target price on shares of Just Energy Group and gave the stock a “buy” rating in a report on Saturday, May 20th. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Just Energy Group in a report on Wednesday, May 24th. Finally, Canaccord Genuity lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $8.25.

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Just Energy Group (NYSE JE) opened at 5.17 on Monday. The stock has a market cap of $760.06 million, a PE ratio of 2.69 and a beta of 1.05. The firm has a 50 day moving average of $5.26 and a 200-day moving average of $5.71. Just Energy Group has a 52-week low of $4.83 and a 52-week high of $6.35.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Traynor Capital Management Inc. increased its position in Just Energy Group by 1.8% in the second quarter. Traynor Capital Management Inc. now owns 34,203 shares of the utilities provider’s stock valued at $182,000 after buying an additional 611 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Just Energy Group by 72.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 68,912 shares of the utilities provider’s stock valued at $362,000 after buying an additional 29,059 shares in the last quarter. TD Asset Management Inc. increased its position in Just Energy Group by 3.4% in the second quarter. TD Asset Management Inc. now owns 5,321,834 shares of the utilities provider’s stock valued at $27,865,000 after buying an additional 173,500 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in Just Energy Group by 108.5% in the second quarter. Campbell & CO Investment Adviser LLC now owns 41,913 shares of the utilities provider’s stock valued at $220,000 after buying an additional 21,810 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in Just Energy Group by 7.1% in the second quarter. Acadian Asset Management LLC now owns 3,714,007 shares of the utilities provider’s stock valued at $19,447,000 after buying an additional 246,280 shares in the last quarter. 29.41% of the stock is currently owned by institutional investors.

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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