-$0.12 EPS Expected for Sierra Wireless, Inc. (NASDAQ:SWIR) This Quarter

Equities research analysts forecast that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will post ($0.12) earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for Sierra Wireless’ earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.17). Sierra Wireless reported earnings per share of ($0.19) in the same quarter last year, which would suggest a positive year over year growth rate of 36.8%. The firm is scheduled to issue its next earnings report on Tuesday, February 22nd.

On average, analysts expect that Sierra Wireless will report full year earnings of ($0.97) per share for the current fiscal year, with EPS estimates ranging from ($1.02) to ($0.93). For the next year, analysts forecast that the firm will report earnings of $0.08 per share, with EPS estimates ranging from $0.00 to $0.22. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings data on Tuesday, November 9th. The communications equipment provider reported ($0.56) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.90) by $0.34. The firm had revenue of $82.45 million for the quarter, compared to analysts’ expectations of $80.90 million. Sierra Wireless had a negative net margin of 17.31% and a negative return on equity of 17.47%. During the same period in the prior year, the company earned ($0.33) EPS.

Several research firms have issued reports on SWIR. Zacks Investment Research cut shares of Sierra Wireless from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet cut shares of Sierra Wireless from a “c-” rating to a “d” rating in a research note on Monday, December 6th. Finally, Colliers Securities reaffirmed a “buy” rating and set a $24.00 price target on shares of Sierra Wireless in a research note on Wednesday, November 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Sierra Wireless has a consensus rating of “Hold” and a consensus price target of $19.58.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tealwood Asset Management Inc. acquired a new stake in shares of Sierra Wireless in the third quarter worth approximately $1,436,000. Balyasny Asset Management LLC purchased a new position in Sierra Wireless in the third quarter valued at approximately $2,803,000. Voss Capital LLC raised its holdings in Sierra Wireless by 422.8% in the third quarter. Voss Capital LLC now owns 1,227,871 shares of the communications equipment provider’s stock valued at $19,032,000 after buying an additional 992,999 shares during the period. Thrivent Financial for Lutherans raised its holdings in Sierra Wireless by 35.5% in the third quarter. Thrivent Financial for Lutherans now owns 1,010,580 shares of the communications equipment provider’s stock valued at $15,664,000 after buying an additional 264,794 shares during the period. Finally, TownSquare Capital LLC purchased a new position in Sierra Wireless in the third quarter valued at approximately $291,000. 58.61% of the stock is currently owned by institutional investors and hedge funds.

Sierra Wireless stock opened at $16.47 on Friday. Sierra Wireless has a 12-month low of $13.10 and a 12-month high of $22.22. The stock has a market capitalization of $621.78 million, a P/E ratio of -7.96 and a beta of 2.10. The firm’s 50-day moving average is $17.21 and its two-hundred day moving average is $17.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.04.

Sierra Wireless Company Profile

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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