Sierra Wireless, Inc. (SWIR) Expected to Post Quarterly Sales of $176.15 Million

Analysts expect Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) to announce $176.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sierra Wireless’ earnings. The lowest sales estimate is $175.30 million and the highest is $177.00 million. Sierra Wireless posted sales of $163.02 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, February 8th.

On average, analysts expect that Sierra Wireless will report full-year sales of $176.15 million for the current financial year, with estimates ranging from $683.80 million to $687.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $738.57 million per share, with estimates ranging from $725.00 million to $748.70 million. Zacks’ sales averages are an average based on a survey of research firms that cover Sierra Wireless.

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

A number of equities research analysts recently commented on SWIR shares. BMO Capital Markets restated a “hold” rating and set a $26.00 price objective on shares of Sierra Wireless in a report on Monday, November 6th. Northland Securities restated a “hold” rating and set a $26.00 price objective on shares of Sierra Wireless in a report on Friday, November 3rd. TD Securities dropped their price objective on shares of Sierra Wireless from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Raymond James Financial upgraded shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.95.

A number of hedge funds have recently modified their holdings of SWIR. Legal & General Group Plc increased its stake in Sierra Wireless by 5.1% in the 2nd quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock valued at $115,000 after buying an additional 198 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Sierra Wireless in the 2nd quarter valued at $136,000. Shell Asset Management Co. increased its stake in Sierra Wireless by 149.0% in the 3rd quarter. Shell Asset Management Co. now owns 7,307 shares of the communications equipment provider’s stock valued at $219,000 after buying an additional 4,373 shares during the last quarter. HighTower Advisors LLC increased its stake in Sierra Wireless by 9.3% in the 2nd quarter. HighTower Advisors LLC now owns 8,230 shares of the communications equipment provider’s stock valued at $230,000 after buying an additional 700 shares during the last quarter. Finally, Bayesian Capital Management LP increased its stake in Sierra Wireless by 15.0% in the 2nd quarter. Bayesian Capital Management LP now owns 8,900 shares of the communications equipment provider’s stock valued at $250,000 after buying an additional 1,159 shares during the last quarter. Hedge funds and other institutional investors own 21.32% of the company’s stock.

Sierra Wireless (NASDAQ SWIR) opened at $19.65 on Monday. The firm has a market cap of $700.06, a price-to-earnings 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 current ratio of 1.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09.

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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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