Just Energy Group (NYSE:JE) (TSE:JE) announced its quarterly earnings data on Wednesday. The utilities provider reported ($1.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($1.89), Fidelity Earnings reports. Just Energy Group had a positive return on equity of 47.01% and a negative net margin of 3.21%. The company had revenue of $670.17 million for the quarter, compared to the consensus estimate of $911.86 million. During the same quarter in the prior year, the company earned ($0.45) EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis.
NYSE JE traded down $0.33 on Friday, reaching $1.55. The stock had a trading volume of 867,587 shares, compared to its average volume of 486,145. The company has a debt-to-equity ratio of 22.52, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a fifty day moving average of $3.85 and a two-hundred day moving average of $3.65. Just Energy Group has a 1-year low of $1.78 and a 1-year high of $4.42. The company has a market cap of $469.42 million, a P/E ratio of 12.92 and a beta of 0.91.
A number of equities research analysts recently weighed in on JE shares. B. Riley set a $6.00 price target on Just Energy Group and gave the company a “buy” rating in a research note on Friday, May 17th. ValuEngine cut Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 29th. Zacks Investment Research cut Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. CIBC lowered Just Energy Group from a “neutral” rating to a “sector underperform” rating in a report on Friday. Finally, HC Wainwright set a $7.00 price objective on Just Energy Group and gave the company a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.75.
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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