$740.75 Million in Sales Expected for Just Energy Group Inc (JE) This Quarter

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Equities research analysts expect that Just Energy Group Inc (NYSE:JE) (TSE:JE) will post sales of $740.75 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Just Energy Group’s earnings. The highest sales estimate is $762.04 million and the lowest is $719.46 million. Just Energy Group posted sales of $718.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, February 6th.

According to Zacks, analysts expect that Just Energy Group will report full-year sales of $2.95 billion for the current financial year, with estimates ranging from $2.90 billion to $2.98 billion. For the next financial year, analysts forecast that the firm will report sales of $3.15 billion, with estimates ranging from $3.00 billion to $3.29 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Just Energy Group.

A number of equities analysts have recently weighed in on the company. ValuEngine raised Just Energy Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada lowered Just Energy Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, December 12th. Zacks Investment Research raised Just Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Canaccord Genuity raised Just Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Finally, B. Riley set a $6.00 target price on Just Energy Group and gave the stock a “buy” rating in a research report on Friday, November 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $5.47.

Shares of NYSE:JE traded down $0.01 during trading on Thursday, reaching $3.68. 263,600 shares of the stock were exchanged, compared to its average volume of 170,790. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 3.88. Just Energy Group has a 1-year low of $2.80 and a 1-year high of $5.09. The firm has a market capitalization of $551.69 million, a price-to-earnings ratio of 3.12 and a beta of 0.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH raised its position in Just Energy Group by 39,883.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 4,664,101 shares of the utilities provider’s stock valued at $202,000 after buying an additional 4,652,436 shares during the last quarter. Bank of Montreal Can raised its position in Just Energy Group by 0.7% in the 4th quarter. Bank of Montreal Can now owns 3,634,804 shares of the utilities provider’s stock valued at $11,995,000 after buying an additional 23,659 shares during the last quarter. Vanguard Group Inc raised its position in Just Energy Group by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 2,365,855 shares of the utilities provider’s stock valued at $7,335,000 after buying an additional 7,266 shares during the last quarter. Advisors Capital Management LLC raised its position in Just Energy Group by 16.7% in the 4th quarter. Advisors Capital Management LLC now owns 2,117,417 shares of the utilities provider’s stock valued at $6,987,000 after buying an additional 302,614 shares during the last quarter. Finally, Morgan Stanley raised its position in Just Energy Group by 43.1% in the 3rd quarter. Morgan Stanley now owns 2,073,164 shares of the utilities provider’s stock valued at $6,427,000 after buying an additional 624,612 shares during the last quarter. 26.51% of the stock is owned by institutional investors and hedge funds.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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