$184.70 Million in Sales Expected for Sierra Wireless, Inc. (SWIR) This Quarter

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.

Several institutional investors have recently bought and sold shares of SWIR. Legal & General Group Plc increased its position in shares of Sierra Wireless by 5.1% during the second quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock worth $115,000 after acquiring an additional 198 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Sierra Wireless during the second quarter worth $136,000. Wells Fargo & Company MN increased its position in shares of Sierra Wireless by 32.6% during the second quarter. Wells Fargo & Company MN now owns 25,201 shares of the communications equipment provider’s stock worth $708,000 after acquiring an additional 6,200 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Sierra Wireless during the second quarter worth $2,399,000. Finally, Northern Trust Corp purchased a new stake in shares of Sierra Wireless during the second quarter worth $301,000. 21.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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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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