Zacks: Analysts Expect Sierra Wireless (SWIR) to Announce $0.11 EPS

Wall Street analysts expect Sierra Wireless (NASDAQ:SWIR) (TSE:SW) to report earnings of $0.11 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sierra Wireless’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.14. Sierra Wireless reported earnings of $0.24 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 54.2%. The firm is expected to issue its next quarterly earnings report after the market closes on Thursday, May 3rd.

According to Zacks, analysts expect that Sierra Wireless will report full-year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.82 to $0.93. For the next fiscal year, analysts expect that the firm will report earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Sierra Wireless.

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

SWIR has been the subject of a number of research reports. Roth Capital upgraded Sierra Wireless from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research report on Tuesday, March 27th. BidaskClub lowered Sierra Wireless from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 27th. Canaccord Genuity decreased their target price on Sierra Wireless from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Scotiabank decreased their target price on Sierra Wireless from $24.00 to $21.00 and set a “sector perform” rating for the company in a research report on Friday, February 9th. Finally, ValuEngine upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.30.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in shares of Sierra Wireless by 35.9% in the 4th quarter. Renaissance Technologies LLC now owns 432,700 shares of the communications equipment provider’s stock valued at $8,849,000 after purchasing an additional 114,416 shares during the period. Deutsche Bank AG grew its position in shares of Sierra Wireless by 10.1% in the 4th quarter. Deutsche Bank AG now owns 406,457 shares of the communications equipment provider’s stock valued at $8,310,000 after purchasing an additional 37,367 shares during the period. Millennium Management LLC grew its position in shares of Sierra Wireless by 33.7% in the 4th quarter. Millennium Management LLC now owns 374,827 shares of the communications equipment provider’s stock valued at $7,665,000 after purchasing an additional 94,485 shares during the period. Bank of Montreal Can grew its position in shares of Sierra Wireless by 270.1% in the 4th quarter. Bank of Montreal Can now owns 189,455 shares of the communications equipment provider’s stock valued at $3,874,000 after purchasing an additional 138,260 shares during the period. Finally, Swiss National Bank grew its position in shares of Sierra Wireless by 9.3% in the 4th quarter. Swiss National Bank now owns 58,700 shares of the communications equipment provider’s stock valued at $1,201,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 25.74% of the company’s stock.

Shares of Sierra Wireless stock traded down $0.05 during trading on Friday, reaching $17.10. The company’s stock had a trading volume of 147,783 shares, compared to its average volume of 284,064. The company has a quick ratio of 1.36, a current ratio of 1.66 and a debt-to-equity ratio of 0.08. Sierra Wireless has a one year low of $15.10 and a one year high of $31.95. The stock has a market capitalization of $615.12, a price-to-earnings ratio of 29.48 and a beta of 2.77.

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Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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