Analysts forecast that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will post $154.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Sierra Wireless' earnings, with the highest sales estimate coming in at $157.50 million and the lowest estimate coming in at $151.00 million. Sierra Wireless posted sales of $174.03 million during the same quarter last year, which suggests a negative year-over-year growth rate of 11.4%. The company is scheduled to report its next earnings results on Tuesday, November 3rd.
According to Zacks, analysts expect that Sierra Wireless will report full year sales of $626.93 million for the current year, with estimates ranging from $614.90 million to $637.00 million. For the next year, analysts expect that the company will report sales of $668.17 million, with estimates ranging from $631.40 million to $689.00 million. Zacks Investment Research's sales calculations are a mean average based on a survey of research analysts that follow Sierra Wireless.
Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its quarterly earnings results on Thursday, August 6th. The communications equipment provider reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.14. Sierra Wireless had a negative net margin of 10.68% and a negative return on equity of 11.20%.
SWIR has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a "neutral" rating on shares of Sierra Wireless in a research report on Monday, August 10th. Canaccord Genuity reaffirmed a "buy" rating and set a $14.00 price objective on shares of Sierra Wireless in a research report on Friday, September 18th. Scotiabank lifted their price target on shares of Sierra Wireless from $7.50 to $10.00 and gave the company a "sector perform" rating in a research report on Friday, July 24th. Raymond James lifted their price target on shares of Sierra Wireless from $12.00 to $13.00 and gave the company a "market perform" rating in a research report on Friday, August 7th. Finally, BMO Capital Markets lifted their price target on shares of Sierra Wireless from $10.00 to $13.50 and gave the company a "market perform" rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average price target of $12.25.
Shares of SWIR opened at $10.21 on Thursday. The firm has a market cap of $371.28 million, a PE ratio of -5.35 and a beta of 2.36. The firm's 50 day moving average price is $12.06 and its 200 day moving average price is $9.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 1.25. Sierra Wireless has a twelve month low of $4.31 and a twelve month high of $14.37.
Several institutional investors have recently made changes to their positions in SWIR. FMR LLC grew its stake in shares of Sierra Wireless by 492.1% in the first quarter. FMR LLC now owns 358,200 shares of the communications equipment provider's stock worth $4,423,000 after acquiring an additional 297,700 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Sierra Wireless in the first quarter worth $220,000. UBS Group AG grew its stake in shares of Sierra Wireless by 297.5% in the first quarter. UBS Group AG now owns 23,807 shares of the communications equipment provider's stock worth $135,000 after acquiring an additional 17,818 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Sierra Wireless in the first quarter worth $91,000. Finally, Trigran Investments Inc. grew its stake in shares of Sierra Wireless by 18.8% in the first quarter. Trigran Investments Inc. now owns 4,949,082 shares of the communications equipment provider's stock worth $28,111,000 after acquiring an additional 783,629 shares during the last quarter. Institutional investors and hedge funds own 45.53% of the company's stock.
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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