Analysts expect that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will announce sales of $184.70 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sierra Wireless’ earnings. The highest sales estimate is $185.00 million and the lowest is $184.40 million. Sierra Wireless posted sales of $161.79 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.2%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Sierra Wireless will report full year sales of $184.70 million for the current financial year, with estimates ranging from $725.00 million to $794.00 million. For the next financial year, analysts anticipate that the firm will post sales of $851.65 million per share, with estimates ranging from $844.30 million to $859.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Sierra Wireless.
A number of brokerages have issued reports on SWIR. Scotiabank boosted their target price on Sierra Wireless from $23.00 to $31.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Northland Securities reissued a “hold” rating and issued a $26.00 target price on shares of Sierra Wireless in a research report on Friday, November 3rd. TD Securities cut 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. BidaskClub raised Sierra Wireless from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Zacks Investment Research lowered Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.45.
Shares of Sierra Wireless (NASDAQ SWIR) opened at $16.20 on Thursday. The company has a market cap of $521.96, a P/E ratio of 124.62 and a beta of 2.71. The company has a current ratio of 1.92, a quick ratio of 1.54 and a debt-to-equity ratio of 0.09. Sierra Wireless has a 12-month low of $15.10 and a 12-month high of $31.95.
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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