Analysts Expect Sierra Wireless, Inc. (SWIR) Will Post Quarterly Sales of $184.70 Million

Analysts expect Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) to post $184.70 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sierra Wireless’ earnings, with the highest sales estimate coming in at $185.00 million and the lowest estimate coming in at $184.40 million. Sierra Wireless reported sales of $161.79 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.2%. The company is expected to issue its next earnings results on Thursday, May 3rd.

On average, analysts expect that Sierra Wireless will report full-year sales of $184.70 million for the current year, with estimates ranging from $725.00 million to $785.40 million. For the next fiscal year, analysts anticipate that the firm will post sales of $849.75 million per share, with estimates ranging from $844.30 million to $855.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Sierra Wireless.

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Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.06). The business had revenue of $183.53 million for the quarter, compared to analysts’ expectations of $177.28 million. Sierra Wireless had a net margin of 0.60% and a return on equity of 4.82%.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Sierra Wireless from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research lowered shares of Sierra Wireless from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Raymond James Financial raised shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, November 27th. Royal Bank of Canada cut their price objective on shares of Sierra Wireless from $27.00 to $25.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.10.

A number of institutional investors and hedge funds have recently made changes to their positions in SWIR. Bank of New York Mellon Corp boosted its stake in Sierra Wireless by 16.0% in the third quarter. Bank of New York Mellon Corp now owns 1,715,805 shares of the communications equipment provider’s stock valued at $36,891,000 after acquiring an additional 236,807 shares in the last quarter. Bank of Montreal Can boosted its stake in Sierra Wireless by 270.1% in the fourth quarter. Bank of Montreal Can now owns 189,455 shares of the communications equipment provider’s stock valued at $3,874,000 after acquiring an additional 138,260 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Sierra Wireless by 35.9% in the fourth quarter. Renaissance Technologies LLC now owns 432,700 shares of the communications equipment provider’s stock valued at $8,849,000 after acquiring an additional 114,416 shares in the last quarter. Millennium Management LLC boosted its stake in Sierra Wireless by 33.7% in the fourth quarter. Millennium Management LLC now owns 374,827 shares of the communications equipment provider’s stock valued at $7,665,000 after acquiring an additional 94,485 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Sierra Wireless by 231,091.7% in the fourth quarter. BlackRock Inc. now owns 55,486 shares of the communications equipment provider’s stock valued at $1,134,000 after acquiring an additional 55,462 shares in the last quarter. Institutional investors own 25.74% of the company’s stock.

Shares of SWIR stock traded up $0.25 during mid-day trading on Wednesday, reaching $15.80. 297,723 shares of the company traded hands, compared to its average volume of 364,076. The stock has a market capitalization of $559.37, a price-to-earnings ratio of 131.68 and a beta of 2.78. The company has a current ratio of 1.66, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Sierra Wireless has a 12 month low of $15.10 and a 12 month high of $31.95.

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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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