Zacks: Brokerages Anticipate Sierra Wireless, Inc. (NASDAQ:SWIR) to Post $0.05 Earnings Per Share

Analysts expect that Sierra Wireless, Inc. (NASDAQ:SWIRGet Rating) (TSE:SW) will announce $0.05 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Sierra Wireless’ earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.02. Sierra Wireless posted earnings per share of ($0.03) in the same quarter last year, which would indicate a positive year over year growth rate of 266.7%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Sierra Wireless will report full-year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.21 to $0.36. For the next financial year, analysts expect that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.52 to $1.18. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Sierra Wireless.

Sierra Wireless (NASDAQ:SWIRGet Rating) (TSE:SW) last posted its quarterly earnings results on Tuesday, February 22nd. The communications equipment provider reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.13. Sierra Wireless had a negative net margin of 13.35% and a negative return on equity of 8.87%. The firm had revenue of $149.91 million for the quarter, compared to analysts’ expectations of $123.58 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share.

A number of research analysts recently weighed in on SWIR shares. Roth Capital restated a “buy” rating on shares of Sierra Wireless in a research report on Wednesday, February 23rd. TD Securities increased their price objective on shares of Sierra Wireless from $19.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 12th. Raymond James set a $18.00 price objective on shares of Sierra Wireless and gave the company a “market perform” rating in a research report on Wednesday, February 23rd. William Blair started coverage on shares of Sierra Wireless in a research report on Tuesday, April 19th. They set an “outperform” rating on the stock. Finally, Canaccord Genuity Group increased their price objective on shares of Sierra Wireless from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, May 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Sierra Wireless currently has an average rating of “Hold” and an average price target of $21.72.

NASDAQ:SWIR opened at $21.46 on Wednesday. The company’s 50 day moving average price is $17.39 and its 200-day moving average price is $16.92. Sierra Wireless has a 52 week low of $13.44 and a 52 week high of $21.55. The company has a quick ratio of 1.33, a current ratio of 1.79 and a debt-to-equity ratio of 0.36. The stock has a market cap of $822.60 million, a price-to-earnings ratio of -11.18 and a beta of 1.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWIR. FMR LLC raised its position in Sierra Wireless by 492.1% in the first quarter. FMR LLC now owns 358,200 shares of the communications equipment provider’s stock worth $4,423,000 after acquiring an additional 297,700 shares during the period. First Trust Advisors LP purchased a new stake in shares of Sierra Wireless in the first quarter worth $220,000. Morgan Stanley increased its stake in shares of Sierra Wireless by 117.6% in the second quarter. Morgan Stanley now owns 58,373 shares of the communications equipment provider’s stock worth $1,109,000 after purchasing an additional 31,553 shares in the last quarter. Invesco Ltd. purchased a new stake in shares of Sierra Wireless in the second quarter worth $238,000. Finally, Advisor Group Holdings Inc. increased its stake in shares of Sierra Wireless by 10.0% in the third quarter. Advisor Group Holdings Inc. now owns 6,839 shares of the communications equipment provider’s stock worth $107,000 after purchasing an additional 622 shares in the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

About Sierra Wireless (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.

Further Reading

Get a free copy of the Zacks research report on Sierra Wireless (SWIR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sierra Wireless Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sierra Wireless and related companies with MarketBeat.com's FREE daily email newsletter.