Sierra Wireless, Inc. (SWIR) Expected to Announce Earnings of $0.26 Per Share
Equities research analysts expect Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) to report earnings per share of $0.26 for the current quarter, Zacks reports. Two analysts have made estimates for Sierra Wireless’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. Sierra Wireless reported earnings of $0.27 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The business is scheduled to report its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Sierra Wireless will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.03. For the next year, analysts anticipate that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.10 to $1.19. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sierra Wireless.
Several research firms have weighed in on SWIR. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, November 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 target price on shares of Sierra Wireless in a research report on Monday, November 6th. Northland Securities reissued a “hold” rating and issued a $26.00 price target on shares of Sierra Wireless in a research report on Friday, November 3rd. TD Securities reduced their target price on Sierra Wireless from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Finally, Scotiabank boosted their price target on Sierra Wireless from $23.00 to $31.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.95.
Shares of Sierra Wireless (NASDAQ SWIR) traded up $0.35 on Thursday, reaching $21.60. The company had a trading volume of 311,170 shares, compared to its average volume of 426,447. The company has a market cap of $687.89, a P/E ratio of 20.05 and a beta of 3.16. Sierra Wireless has a 52 week low of $15.55 and a 52 week high of $31.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 1.54.
TRADEMARK VIOLATION WARNING: “Sierra Wireless, Inc. (SWIR) Expected to Announce Earnings of $0.26 Per Share” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/07/sierra-wireless-inc-swir-expected-to-announce-earnings-of-0-26-per-share.html.
Sierra Wireless Company Profile
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sierra Wireless Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless Inc. and related companies with MarketBeat.com's FREE daily email newsletter.