$0.26 Earnings Per Share Expected for Sierra Wireless, Inc. (SWIR) This Quarter

Equities research analysts expect that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will report $0.26 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sierra Wireless’ earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. Sierra Wireless reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.7%. The firm is expected to announce its next earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Sierra Wireless will report full year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $1.01 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 Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings data on Thursday, November 2nd. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). The firm had revenue of $173.24 million for the quarter, compared to analyst estimates of $170.10 million. Sierra Wireless had a return on equity of 9.32% and a net margin of 3.48%.

Several equities analysts recently issued reports on SWIR shares. BidaskClub cut Sierra Wireless from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. Raymond James Financial raised Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, November 27th. Zacks Investment Research cut Sierra Wireless from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Scotiabank boosted their price target on Sierra Wireless from $23.00 to $31.00 and gave the stock a “sector perform” rating in a report on Friday, November 3rd. Finally, TD Securities cut their price target on Sierra Wireless from $30.00 to $28.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.95.

Shares of Sierra Wireless (SWIR) traded up $0.10 during mid-day trading on Friday, reaching $19.65. The company had a trading volume of 230,679 shares, compared to its average volume of 280,403. The firm has a market capitalization of $700.06, a PE ratio of 27.29 and a beta of 3.17. Sierra Wireless has a 52-week low of $17.30 and a 52-week high of $31.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 1.92.

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Sierra Wireless by 27.8% in the second quarter. Renaissance Technologies LLC now owns 609,884 shares of the communications equipment provider’s stock valued at $17,138,000 after purchasing an additional 132,701 shares during the period. JPMorgan Chase & Co. grew its position in shares of Sierra Wireless by 722.7% in the third quarter. JPMorgan Chase & Co. now owns 39,794 shares of the communications equipment provider’s stock valued at $858,000 after purchasing an additional 34,957 shares during the period. Bank of Nova Scotia purchased a new stake in shares of Sierra Wireless in the second quarter valued at $266,000. Bank of New York Mellon Corp grew its position in shares of Sierra Wireless by 16.0% in the third quarter. Bank of New York Mellon Corp now owns 1,715,805 shares of the communications equipment provider’s stock valued at $36,891,000 after purchasing an additional 236,807 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in shares of Sierra Wireless in the second quarter valued at $2,399,000. 21.32% of the stock is owned by institutional investors and hedge funds.

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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.

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