Brokerages Anticipate Sierra Wireless, Inc. (NASDAQ:SWIR) Will Post Earnings of -$0.06 Per Share

Analysts forecast that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will announce ($0.06) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sierra Wireless’ earnings, with estimates ranging from ($0.08) to ($0.05). Sierra Wireless reported earnings of $0.25 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 124%. The firm is scheduled to announce its next earnings results on Wednesday, February 12th.

On average, analysts expect that Sierra Wireless will report full year earnings of $0.02 per share for the current year, with EPS estimates ranging from $0.00 to $0.03. For the next fiscal year, analysts anticipate that the company will report earnings of $0.20 per share, with EPS estimates ranging from $0.10 to $0.42. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings data on Tuesday, November 5th. The communications equipment provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The firm had revenue of $174.03 million during the quarter, compared to the consensus estimate of $191.16 million. Sierra Wireless had a negative net margin of 8.57% and a negative return on equity of 2.14%. Sierra Wireless’s revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share.

Several research analysts have commented on SWIR shares. Raymond James downgraded shares of Sierra Wireless from an “outperform” rating to a “market perform” rating and set a $13.00 price target for the company. in a report on Wednesday, November 6th. National Bank Financial decreased their price target on shares of Sierra Wireless from $12.50 to $11.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 6th. TD Securities lowered their price objective on Sierra Wireless from $13.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. ValuEngine raised Sierra Wireless from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, BidaskClub cut Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Saturday, November 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Sierra Wireless currently has an average rating of “Hold” and a consensus price target of $13.00.

NASDAQ SWIR traded up $0.14 on Friday, hitting $9.15. The stock had a trading volume of 488,656 shares, compared to its average volume of 251,823. Sierra Wireless has a 52-week low of $7.72 and a 52-week high of $16.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.21 and a current ratio of 1.51. The company has a market capitalization of $331.44 million, a price-to-earnings ratio of 70.38 and a beta of 1.84. The firm has a 50-day moving average of $9.67 and a 200-day moving average of $11.10.

Hedge funds have recently added to or reduced their stakes in the business. Brandes Investment Partners LP raised its holdings in shares of Sierra Wireless by 4,811.0% during the 2nd quarter. Brandes Investment Partners LP now owns 3,744,487 shares of the communications equipment provider’s stock valued at $45,234,000 after buying an additional 3,668,240 shares in the last quarter. Trigran Investments Inc. grew its position in Sierra Wireless by 46.4% during the second quarter. Trigran Investments Inc. now owns 3,589,476 shares of the communications equipment provider’s stock valued at $43,361,000 after acquiring an additional 1,137,696 shares during the last quarter. FMR LLC grew its position in Sierra Wireless by 492.1% during the first quarter. FMR LLC now owns 358,200 shares of the communications equipment provider’s stock valued at $4,423,000 after acquiring an additional 297,700 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Sierra Wireless by 39.7% during the second quarter. Renaissance Technologies LLC now owns 639,800 shares of the communications equipment provider’s stock worth $7,729,000 after acquiring an additional 181,749 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Sierra Wireless during the third quarter worth approximately $1,394,000. 32.48% of the stock is owned by institutional investors and hedge funds.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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