Equities research analysts expect Just Energy Group, Inc. (NYSE:JE) (TSE:JE) to report sales of $810.03 million for the current quarter, according to Zacks. Two analysts have provided estimates for Just Energy Group’s earnings, with the lowest sales estimate coming in at $734.43 million and the highest estimate coming in at $885.62 million. Just Energy Group reported sales of $761.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that Just Energy Group will report full year sales of $810.03 million for the current year, with estimates ranging from $2.84 billion to $3.29 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.12 billion per share, with estimates ranging from $2.85 billion to $3.57 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Just Energy Group.

A number of equities analysts have weighed in on the company. HC Wainwright set a $10.00 price objective on Just Energy Group and gave the stock a “buy” rating in a research note on Friday, August 11th. FBR & Co reissued a “buy” rating and set a $7.50 price objective on shares of Just Energy Group in a research note on Wednesday, June 14th. Canaccord Genuity lowered Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Wednesday, July 12th. Finally, ValuEngine lowered Just Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Just Energy Group currently has a consensus rating of “Buy” and an average target price of $8.29.

Just Energy Group (NYSE JE) traded up 1.04% during mid-day trading on Friday, reaching $5.85. The company had a trading volume of 99,543 shares. The stock has a 50 day moving average of $5.54 and a 200 day moving average of $5.66. The stock has a market capitalization of $858.73 million, a price-to-earnings ratio of 15.73 and a beta of 1.04. Just Energy Group has a 52 week low of $4.83 and a 52 week high of $6.35.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.0999 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from Just Energy Group’s previous quarterly dividend of $0.09. Just Energy Group’s dividend payout ratio is 740.00%.

ILLEGAL ACTIVITY WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/15/just-energy-group-inc-je-expected-to-post-quarterly-sales-of-810-03-million.html.

Several institutional investors have recently made changes to their positions in the company. Traynor Capital Management Inc. lifted its stake in shares of Just Energy Group by 1.5% in the 1st quarter. Traynor Capital Management Inc. now owns 33,592 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 498 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Just Energy Group by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock valued at $447,000 after purchasing an additional 1,585 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Just Energy Group by 15.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock valued at $160,000 after purchasing an additional 4,039 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of Just Energy Group by 29.3% in the 2nd quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 4,994 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Just Energy Group by 13.5% in the 2nd quarter. Schroder Investment Management Group now owns 45,907 shares of the utilities provider’s stock valued at $314,000 after purchasing an additional 5,469 shares during the last quarter. 29.19% of the stock is currently owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Just Energy Group (JE)

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

Earnings History and Estimates for Just Energy Group (NYSE:JE)

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