Zacks: Brokerages Anticipate Just Energy Group Inc (JE) Will Post Quarterly Sales of $776.79 Million

Equities research analysts expect that Just Energy Group Inc (NYSE:JE) (TSE:JE) will report sales of $776.79 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Just Energy Group’s earnings. The highest sales estimate is $822.99 million and the lowest is $730.59 million. Just Energy Group posted sales of $688.09 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.9%. The firm is expected to announce its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Just Energy Group will report full-year sales of $776.79 million for the current year, with estimates ranging from $2.83 billion to $3.08 billion. For the next fiscal year, analysts expect that the business will report sales of $3.13 billion per share, with estimates ranging from $2.85 billion to $3.57 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Just Energy Group.

Several brokerages have commented on JE. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded shares of Just Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. lowered their price objective on shares of Just Energy Group from $7.50 to $6.25 and set a “buy” rating for the company in a research report on Wednesday, November 15th. B. Riley set a $6.25 price objective on shares of Just Energy Group and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Royal Bank of Canada upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, December 18th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $7.17.

Shares of Just Energy Group (NYSE JE) opened at $4.40 on Wednesday. The company has a debt-to-equity ratio of -7.46, a current ratio of 1.16 and a quick ratio of 1.12. The stock has a market capitalization of $630.00, a P/E ratio of 5.87 and a beta of 0.91. Just Energy Group has a 12 month low of $4.06 and a 12 month high of $6.35.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.0982 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.39 annualized dividend and a yield of 8.92%. Just Energy Group’s dividend payout ratio is currently 52.00%.

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Just Energy Group by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock worth $447,000 after buying an additional 1,585 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Just Energy Group by 15.3% during the second quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock worth $160,000 after buying an additional 4,039 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Just Energy Group by 29.3% during the second quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after buying an additional 4,994 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Just Energy Group by 13.5% during the second quarter. Schroder Investment Management Group now owns 45,907 shares of the utilities provider’s stock worth $314,000 after buying an additional 5,469 shares in the last quarter. Finally, Sii Investments Inc. WI acquired a new position in shares of Just Energy Group during the third quarter worth $113,000. Institutional investors own 29.94% of the company’s stock.

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Just Energy Group Company Profile

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

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