Sierra Wireless (SW) to Release Quarterly Earnings on Thursday

Sierra Wireless (TSE:SW) (NASDAQ:SWIR) will be announcing its earnings results after the market closes on Thursday, February 8th. Analysts expect the company to announce earnings of C$0.25 per share for the quarter.

Sierra Wireless (TSE:SW) (NASDAQ:SWIR) last issued its earnings results on Thursday, November 2nd. The company reported C$0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.16 by C($0.06). Sierra Wireless had a return on equity of 1.28% and a net margin of 0.71%.

Shares of Sierra Wireless (SW) opened at C$23.77 on Thursday. The firm has a market cap of $763.30, a P/E ratio of 27.32 and a beta of 2.88. Sierra Wireless has a 1-year low of C$22.50 and a 1-year high of C$43.16.

A number of analysts recently weighed in on SW shares. TD Securities reduced their target price on shares of Sierra Wireless to C$36.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Raymond James Financial upgraded shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 target price for the company in a report on Monday, November 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of C$31.60.

In related news, insider Bill Gary Dodson sold 1,569 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of C$26.40, for a total value of C$41,421.60. Also, Director Kent Paul Thexton acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of C$24.55 per share, with a total value of C$49,100.00. Insiders have sold 13,250 shares of company stock valued at $272,917 over the last 90 days.

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About Sierra Wireless

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.

Earnings History for Sierra Wireless (TSE:SW)

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