Analysts expect Just Energy Group Inc (NYSE:JE) (TSE:JE) to announce $703.24 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Just Energy Group’s earnings, with the highest sales estimate coming in at $727.90 million and the lowest estimate coming in at $678.58 million. Just Energy Group posted sales of $679.25 million during the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The business is expected to issue its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that Just Energy Group will report full-year sales of $3.09 billion for the current financial year, with estimates ranging from $2.92 billion to $3.17 billion. For the next year, analysts anticipate that the business will report sales of $3.37 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Just Energy Group.
Just Energy Group (NYSE:JE) (TSE:JE) last released its earnings results on Thursday, May 16th. The utilities provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $770.37 million for the quarter, compared to the consensus estimate of $788.43 million. Just Energy Group had a negative net margin of 3.21% and a positive return on equity of 47.01%.
JE has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $6.50 target price on shares of Just Energy Group in a research note on Tuesday, April 2nd. B. Riley assumed coverage on Just Energy Group in a report on Thursday, March 14th. They issued a “buy” rating and a $6.00 price target for the company. Canaccord Genuity upgraded Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. TheStreet lowered Just Energy Group from a “c-” rating to a “d” rating in a report on Wednesday, June 5th. Finally, National Bank Financial reiterated a “hold” rating on shares of Just Energy Group in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.75.
Shares of JE traded up $0.03 during mid-day trading on Monday, reaching $4.25. 343,218 shares of the company’s stock traded hands, compared to its average volume of 450,282. The stock has a market cap of $635.80 million, a price-to-earnings ratio of 35.42 and a beta of 0.69. Just Energy Group has a 12 month low of $2.80 and a 12 month high of $4.34. The company has a debt-to-equity ratio of 22.52, a quick ratio of 1.27 and a current ratio of 1.27.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a $0.093 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 8.75%. Just Energy Group’s payout ratio is 316.67%.
Several hedge funds and other institutional investors have recently made changes to their positions in JE. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Just Energy Group by 73.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,093 shares of the utilities provider’s stock worth $33,000 after buying an additional 4,289 shares during the period. First Allied Advisory Services Inc. purchased a new stake in Just Energy Group during the fourth quarter worth $42,000. Roosevelt Investment Group Inc. purchased a new stake in Just Energy Group during the fourth quarter worth $53,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Just Energy Group by 20.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,042 shares of the utilities provider’s stock worth $58,000 after buying an additional 2,950 shares during the period. Finally, Perella Weinberg Partners Capital Management LP purchased a new stake in Just Energy Group during the first quarter worth $59,000. Hedge funds and other institutional investors own 28.26% of the company’s stock.
Just Energy Group Company Profile
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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