Sierra Wireless, Inc. (NASDAQ:SWIR) Expected to Post Quarterly Sales of $83.39 Million

Wall Street analysts expect Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) to report $83.39 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sierra Wireless’ earnings. The lowest sales estimate is $82.79 million and the highest is $84.00 million. Sierra Wireless reported sales of $113.37 million during the same quarter last year, which indicates a negative year-over-year growth rate of 26.4%. The firm is expected to report its next quarterly earnings results on Thursday, November 11th.

On average, analysts expect that Sierra Wireless will report full-year sales of $441.44 million for the current fiscal year, with estimates ranging from $434.80 million to $447.52 million. For the next fiscal year, analysts forecast that the company will report sales of $524.07 million, with estimates ranging from $523.00 million to $525.30 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings data on Thursday, August 12th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.35. The company had revenue of $132.79 million for the quarter, compared to analyst estimates of $119.19 million. Sierra Wireless had a negative net margin of 10.72% and a negative return on equity of 13.69%.

A number of analysts recently issued reports on SWIR shares. TD Securities dropped their price target on shares of Sierra Wireless from $19.50 to $17.00 and set a “hold” rating for the company in a research note on Friday, August 13th. Raymond James dropped their price target on shares of Sierra Wireless from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, August 13th. Craig Hallum started coverage on shares of Sierra Wireless in a research note on Thursday, June 24th. They issued a “buy” rating and a $22.00 price target for the company. CIBC dropped their price target on shares of Sierra Wireless from $14.00 to $13.00 and set an “underperform” rating for the company in a research note on Wednesday, August 18th. Finally, Zacks Investment Research lowered shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Wednesday, August 18th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.27.

Institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Sierra Wireless during the first quarter valued at $34,000. FORA Capital LLC acquired a new position in shares of Sierra Wireless during the second quarter valued at $46,000. UBS Group AG boosted its holdings in shares of Sierra Wireless by 89.2% during the first quarter. UBS Group AG now owns 4,095 shares of the communications equipment provider’s stock valued at $60,000 after acquiring an additional 1,931 shares during the period. Barclays PLC boosted its holdings in shares of Sierra Wireless by 9,983.3% during the first quarter. Barclays PLC now owns 7,260 shares of the communications equipment provider’s stock valued at $107,000 after acquiring an additional 7,188 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Sierra Wireless during the first quarter valued at $184,000. 55.34% of the stock is owned by institutional investors.

Shares of SWIR traded up $0.20 during mid-day trading on Monday, reaching $16.22. 112,543 shares of the stock traded hands, compared to its average volume of 248,686. The firm has a market cap of $602.82 million, a price-to-earnings ratio of -11.75 and a beta of 2.20. The stock has a fifty day simple moving average of $17.05 and a 200 day simple moving average of $16.43. Sierra Wireless has a 12-month low of $9.90 and a 12-month high of $22.22. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.14.

About Sierra Wireless

Sierra Wireless, Inc engages in the provision of device-to-cloud and networking solutions. It operates through the following segments: Embedded Broadband and Internet-of-Things Solutions (IoT). The Embedded Broadband segment is comprised of cellular embedded modules that are typically used in non-industrial applications, namely Automobile, Mobile Computing and Enterprise Networking markets.

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