Zacks: Analysts Expect Sierra Wireless, Inc. (NASDAQ:SWIR) Will Announce Quarterly Sales of $191.70 Million

Wall Street analysts expect that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will report sales of $191.70 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sierra Wireless’ earnings, with estimates ranging from $191.40 million to $192.00 million. Sierra Wireless posted sales of $203.43 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Sierra Wireless will report full-year sales of $754.53 million for the current fiscal year, with estimates ranging from $753.00 million to $755.70 million. For the next fiscal year, analysts expect that the company will report sales of $837.37 million, with estimates ranging from $824.50 million to $850.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last released its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). Sierra Wireless had a negative net margin of 5.75% and a positive return on equity of 0.02%. The business had revenue of $191.37 million for the quarter, compared to the consensus estimate of $191.95 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year.

Several research analysts recently weighed in on the stock. Raymond James restated an “outperform” rating and issued a $20.00 price objective on shares of Sierra Wireless in a research report on Thursday, August 1st. National Bank Financial decreased their price objective on shares of Sierra Wireless from $15.00 to $12.50 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. ValuEngine upgraded shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TD Securities decreased their price objective on shares of Sierra Wireless from $14.50 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Sierra Wireless from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 16th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.64.

Shares of SWIR stock traded up $0.27 during trading on Friday, hitting $10.87. The company had a trading volume of 186,555 shares, compared to its average volume of 246,708. The company has a quick ratio of 1.24, a current ratio of 1.52 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $11.83 and its two-hundred day moving average is $12.63. The stock has a market capitalization of $417.35 million, a price-to-earnings ratio of 83.62 and a beta of 2.17. Sierra Wireless has a 52 week low of $10.35 and a 52 week high of $22.58.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mascoma Wealth Management LLC boosted its stake in shares of Sierra Wireless by 77.3% during the first quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock valued at $33,000 after purchasing an additional 1,160 shares during the period. Atlas Capital Advisors LLC purchased a new position in Sierra Wireless during the second quarter valued at $36,000. Aperio Group LLC purchased a new position in Sierra Wireless during the second quarter valued at $43,000. US Bancorp DE lifted its position in Sierra Wireless by 363.8% during the second quarter. US Bancorp DE now owns 4,643 shares of the communications equipment provider’s stock valued at $56,000 after buying an additional 3,642 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Sierra Wireless during the first quarter valued at $76,000. Institutional investors and hedge funds own 26.31% 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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