Equities analysts forecast that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will announce earnings per share of $0.26 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sierra Wireless’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. Sierra Wireless posted earnings per share of $0.27 in the same quarter last year, which suggests a negative year-over-year growth rate of 3.7%. The company is expected to announce its next earnings results on Thursday, February 8th.
On average, analysts expect that Sierra Wireless will report full-year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.03. For the next year, analysts expect that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.10 to $1.19. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Sierra Wireless.
SWIR has been the subject of several research analyst reports. BidaskClub lowered Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Scotiabank lowered Sierra Wireless from a “sector perform” rating to an “underperform” rating and raised their target price for the company from $22.00 to $23.00 in a research report on Thursday, August 3rd. TheStreet raised Sierra Wireless from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. Macquarie raised Sierra Wireless from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $12.30 to $23.00 in a report on Friday, August 4th. Finally, Zacks Investment Research lowered Sierra Wireless from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.95.
A number of large investors have recently added to or reduced their stakes in SWIR. Legal & General Group Plc lifted its position in Sierra Wireless by 5.1% in the second quarter. Legal & General Group Plc now owns 4,098 shares of the communications equipment provider’s stock valued at $115,000 after purchasing an additional 198 shares during the last quarter. UBS Group AG increased its stake in shares of Sierra Wireless by 3.7% during the first quarter. UBS Group AG now owns 12,429 shares of the communications equipment provider’s stock valued at $330,000 after buying an additional 447 shares during the period. HighTower Advisors LLC increased its stake in shares of Sierra Wireless by 9.3% during the second quarter. HighTower Advisors LLC now owns 8,230 shares of the communications equipment provider’s stock valued at $230,000 after buying an additional 700 shares during the period. Creative Planning increased its stake in shares of Sierra Wireless by 13.0% during the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 790 shares during the period. Finally, Bayesian Capital Management LP increased its stake in shares of Sierra Wireless by 15.0% during the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the communications equipment provider’s stock valued at $250,000 after buying an additional 1,159 shares during the period. Institutional investors own 23.43% of the company’s stock.
Shares of Sierra Wireless (NASDAQ:SWIR) traded up $1.15 during trading hours on Friday, reaching $20.60. The company’s stock had a trading volume of 493,500 shares, compared to its average volume of 431,231. 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 fifty-two week low of $14.75 and a fifty-two week high of $31.95. The company has a market cap of $626.67, a PE ratio of 18.01 and a beta of 3.21.
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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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