Sierra Wireless, Inc. (SWIR) Expected to Announce Earnings of $0.26 Per Share

Equities research analysts expect Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) to report earnings per share of $0.26 for the current quarter, Zacks reports. Two analysts have made estimates for Sierra Wireless’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. Sierra Wireless reported earnings of $0.27 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The business is scheduled to report its next quarterly earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Sierra Wireless will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.03. For the next year, analysts anticipate that the firm will post earnings of $1.16 per share, with EPS estimates ranging from $1.10 to $1.19. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sierra Wireless.

Several research firms have weighed in on SWIR. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, November 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 target price on shares of Sierra Wireless in a research report on Monday, November 6th. Northland Securities reissued a “hold” rating and issued a $26.00 price target on shares of Sierra Wireless in a research report on Friday, November 3rd. TD Securities reduced their target price on Sierra Wireless from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Finally, Scotiabank boosted their price target on Sierra Wireless from $23.00 to $31.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.95.

Several institutional investors have recently made changes to their positions in SWIR. Legal & General Group Plc raised its holdings in shares of Sierra Wireless by 85.7% during the first quarter. Legal & General Group Plc now owns 3,900 shares of the communications equipment provider’s stock valued at $103,000 after acquiring an additional 1,800 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Sierra Wireless by 6.9% in the first quarter. Vanguard Group Inc. now owns 610,672 shares of the communications equipment provider’s stock valued at $16,213,000 after purchasing an additional 39,417 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sierra Wireless by 30.0% in the first quarter. Dimensional Fund Advisors LP now owns 125,148 shares of the communications equipment provider’s stock valued at $3,323,000 after purchasing an additional 28,890 shares during the last quarter. Creative Planning increased its holdings in shares of Sierra Wireless by 13.0% in the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 790 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Sierra Wireless by 35.7% in the second quarter. Janney Montgomery Scott LLC now owns 37,555 shares of the communications equipment provider’s stock valued at $1,055,000 after purchasing an additional 9,876 shares during the last quarter. 23.31% of the stock is owned by institutional investors and hedge funds.

Shares of Sierra Wireless (NASDAQ SWIR) traded up $0.35 on Thursday, reaching $21.60. The company had a trading volume of 311,170 shares, compared to its average volume of 426,447. The company has a market cap of $687.89, a P/E ratio of 20.05 and a beta of 3.16. Sierra Wireless has a 52 week low of $15.55 and a 52 week high of $31.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.92 and a quick ratio of 1.54.

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Sierra Wireless Company Profile

Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.

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