Analysts predict that Just Energy Group Inc (NYSE:JE) (TSE:JE) will post earnings per share (EPS) of $0.13 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Just Energy Group’s earnings, with estimates ranging from $0.06 to $0.20. Just Energy Group reported earnings of $0.73 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 82.2%. The business is expected to report its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that Just Energy Group will report full year earnings of $0.24 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.40 per share, with EPS estimates ranging from $0.29 to $0.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Just Energy Group.
Just Energy Group (NYSE:JE) (TSE:JE) last announced its earnings results on Wednesday, November 8th. The utilities provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). Just Energy Group had a net margin of 4.95% and a negative return on equity of 158.39%.
A number of equities research analysts recently weighed in on JE shares. Zacks Investment Research downgraded shares of Just Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Canaccord Genuity reiterated a “hold” rating and set a $7.25 price target on shares of Just Energy Group in a research report on Monday, October 16th. HC Wainwright reiterated a “buy” rating and set a $10.00 price target on shares of Just Energy Group in a research report on Friday, November 10th. TD Securities cut shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine cut shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Just Energy Group has an average rating of “Buy” and a consensus price target of $7.17.
Several institutional investors have recently modified their holdings of JE. JPMorgan Chase & Co. grew its holdings in shares of Just Energy Group by 249.3% in the second quarter. JPMorgan Chase & Co. now owns 96,847 shares of the utilities provider’s stock worth $507,000 after purchasing an additional 69,123 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Just Energy Group by 13.5% in the second quarter. Schroder Investment Management Group now owns 45,907 shares of the utilities provider’s stock worth $314,000 after purchasing an additional 5,469 shares during the last quarter. Ameriprise Financial Inc. bought a new position in shares of Just Energy Group in the second quarter worth approximately $216,000. Parametric Portfolio Associates LLC grew its holdings in shares of Just Energy Group by 15.3% in the second quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 4,039 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of Just Energy Group by 29.3% in the second quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 4,994 shares during the last quarter. Hedge funds and other institutional investors own 29.94% of the company’s stock.
Shares of Just Energy Group (NYSE JE) traded up $0.08 on Thursday, reaching $4.23. 117,251 shares of the company were exchanged, compared to its average volume of 179,411. The stock has a market capitalization of $621.18, a P/E ratio of 4.03 and a beta of 0.91. The company has a debt-to-equity ratio of -1.21, a current ratio of 0.82 and a quick ratio of 0.78. Just Energy Group has a 1-year low of $4.00 and a 1-year high of $6.35.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.0982 dividend. This represents a $0.39 annualized dividend and a dividend yield of 9.28%. The ex-dividend date of this dividend was Thursday, December 14th. Just Energy Group’s dividend payout ratio is 74.07%.
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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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