Sierra Wireless, Inc. (SWIR) Expected to Post Earnings of $0.26 Per Share

Equities research analysts expect that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will announce $0.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sierra Wireless’ earnings, with estimates ranging from $0.25 to $0.26. Sierra Wireless reported earnings per share of $0.23 during the same quarter last year, which suggests a positive year over year growth rate of 13%. The company is scheduled to report its next earnings results after the market closes on Thursday, November 8th.

According to Zacks, analysts expect that Sierra Wireless will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.93 to $0.97. For the next year, analysts expect that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its earnings results on Thursday, August 2nd. The communications equipment provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Sierra Wireless had a negative net margin of 2.96% and a positive return on equity of 1.73%. The firm had revenue of $201.90 million for the quarter, compared to analyst estimates of $199.17 million. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year.

Several equities analysts have commented on the stock. BidaskClub raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Canaccord Genuity reissued a “buy” rating on shares of Sierra Wireless in a report on Friday, August 3rd. CIBC raised shares of Sierra Wireless from a “sector underperform” rating to a “neutral” rating in a report on Friday, August 3rd. Royal Bank of Canada decreased their target price on shares of Sierra Wireless from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Monday, July 30th. Finally, ValuEngine raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.67.

Several institutional investors and hedge funds have recently bought and sold shares of SWIR. Quantbot Technologies LP boosted its stake in shares of Sierra Wireless by 221.5% in the 1st quarter. Quantbot Technologies LP now owns 6,463 shares of the communications equipment provider’s stock valued at $106,000 after purchasing an additional 4,453 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Sierra Wireless by 25.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 54,171 shares of the communications equipment provider’s stock valued at $893,000 after purchasing an additional 10,818 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Sierra Wireless by 86.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 25,417 shares of the communications equipment provider’s stock valued at $420,000 after purchasing an additional 11,808 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Sierra Wireless by 16.3% in the 2nd quarter. Bank of Montreal Can now owns 78,533 shares of the communications equipment provider’s stock valued at $1,257,000 after purchasing an additional 10,991 shares in the last quarter. Finally, PenderFund Capital Management Ltd. boosted its stake in shares of Sierra Wireless by 27.9% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 709,440 shares of the communications equipment provider’s stock valued at $15,899,000 after purchasing an additional 154,700 shares in the last quarter. Institutional investors own 25.10% of the company’s stock.

SWIR stock traded down $0.33 during mid-day trading on Friday, hitting $18.22. The stock had a trading volume of 291,900 shares, compared to its average volume of 298,679. The company has a quick ratio of 1.33, a current ratio of 1.61 and a debt-to-equity ratio of 0.09. Sierra Wireless has a 52 week low of $15.10 and a 52 week high of $23.50. The firm has a market cap of $675.95 million, a P/E ratio of 31.90, a P/E/G ratio of 2.33 and a beta of 2.86.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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