Brokerages expect Just Energy Group Inc (NYSE:JE) (TSE:JE) to report sales of $740.75 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Just Energy Group’s earnings, with the highest sales estimate coming in at $762.04 million and the lowest estimate coming in at $719.46 million. Just Energy Group reported sales of $718.30 million in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that Just Energy Group will report full-year sales of $2.95 billion for the current year, with estimates ranging from $2.90 billion to $2.98 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.15 billion, with estimates ranging from $3.00 billion to $3.29 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Just Energy Group.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Just Energy Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. B. Riley set a $6.00 target price on shares of Just Energy Group and gave the company a “buy” rating in a report on Friday, August 10th. HC Wainwright set a $7.00 target price on shares of Just Energy Group and gave the company a “buy” rating in a report on Friday, November 9th. National Bank Financial reaffirmed a “hold” rating on shares of Just Energy Group in a report on Friday, November 9th. Finally, Canaccord Genuity raised shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Just Energy Group has a consensus rating of “Hold” and a consensus price target of $5.47.
Shares of JE stock opened at $4.18 on Friday. Just Energy Group has a 12 month low of $2.80 and a 12 month high of $5.09. The company has a market cap of $625.55 million, a price-to-earnings ratio of 3.54 and a beta of 0.19. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.27 and a quick ratio of 1.22.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be paid a $0.094 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 9.00%. Just Energy Group’s dividend payout ratio (DPR) is presently 32.20%.
Several hedge funds and other institutional investors have recently made changes to their positions in JE. Allianz Asset Management GmbH increased its stake in shares of Just Energy Group by 39,883.7% in the third quarter. Allianz Asset Management GmbH now owns 4,664,101 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 4,652,436 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Just Energy Group by 54.2% in the third quarter. Bank of Montreal Can now owns 3,611,145 shares of the utilities provider’s stock worth $11,194,000 after purchasing an additional 1,268,787 shares in the last quarter. Morgan Stanley increased its stake in shares of Just Energy Group by 43.1% in the third quarter. Morgan Stanley now owns 2,073,164 shares of the utilities provider’s stock worth $6,427,000 after purchasing an additional 624,612 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Just Energy Group in the third quarter worth $1,170,000. Finally, Ardsley Advisory Partners purchased a new stake in shares of Just Energy Group in the second quarter worth $452,000. 26.46% of the stock is owned by hedge funds and other institutional investors.
About Just Energy Group
Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.
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