Equities analysts expect that Sierra Wireless, Inc. (NASDAQ:SWIR – Get Rating) (TSE:SW) will announce $140.76 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Sierra Wireless’ earnings, with the highest sales estimate coming in at $142.42 million and the lowest estimate coming in at $139.10 million. Sierra Wireless reported sales of $108.06 million during the same quarter last year, which indicates a positive year over year growth rate of 30.3%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Sierra Wireless will report full-year sales of $588.43 million for the current fiscal year, with estimates ranging from $582.00 million to $592.10 million. For the next fiscal year, analysts expect that the firm will report sales of $633.44 million, with estimates ranging from $625.20 million to $640.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sierra Wireless.
Sierra Wireless (NASDAQ:SWIR – Get Rating) (TSE:SW) last issued its quarterly earnings results on Tuesday, February 22nd. The communications equipment provider reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.13. Sierra Wireless had a negative net margin of 18.81% and a negative return on equity of 16.11%. The business had revenue of $149.91 million during the quarter, compared to analyst estimates of $123.58 million. During the same quarter last year, the business posted ($0.33) earnings per share.
SWIR stock traded up $0.19 during midday trading on Friday, reaching $16.59. The company’s stock had a trading volume of 10,386 shares, compared to its average volume of 239,700. Sierra Wireless has a 52 week low of $13.10 and a 52 week high of $20.94. The stock has a market capitalization of $632.16 million, a PE ratio of -6.83 and a beta of 1.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.97 and a current ratio of 1.39. The stock’s 50-day moving average price is $17.08.
A number of hedge funds have recently modified their holdings of the business. Trigran Investments Inc. increased its stake in Sierra Wireless by 3.2% in the 3rd quarter. Trigran Investments Inc. now owns 4,990,875 shares of the communications equipment provider’s stock valued at $77,358,000 after buying an additional 156,557 shares during the last quarter. Voss Capital LLC boosted its holdings in Sierra Wireless by 422.8% in the 3rd quarter. Voss Capital LLC now owns 1,227,871 shares of the communications equipment provider’s stock valued at $19,032,000 after purchasing an additional 992,999 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Sierra Wireless by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,018,414 shares of the communications equipment provider’s stock worth $17,945,000 after acquiring an additional 7,834 shares during the period. Polar Asset Management Partners Inc. lifted its holdings in shares of Sierra Wireless by 12.5% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 1,000,994 shares of the communications equipment provider’s stock worth $19,629,000 after acquiring an additional 111,200 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Sierra Wireless by 325.4% during the 4th quarter. Royce & Associates LP now owns 683,466 shares of the communications equipment provider’s stock worth $12,043,000 after acquiring an additional 522,804 shares during the period. Hedge funds and other institutional investors own 61.08% of the company’s stock.
Sierra Wireless Company Profile (Get Rating)
Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.
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