Brokerages forecast that Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) will report sales of $202.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sierra Wireless’ earnings. The lowest sales estimate is $201.80 million and the highest is $204.00 million. Sierra Wireless posted sales of $173.24 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, November 8th.

On average, analysts expect that Sierra Wireless will report full year sales of $803.55 million for the current fiscal year, with estimates ranging from $802.10 million to $805.00 million. For the next fiscal year, analysts forecast that the business will post sales of $860.30 million, with estimates ranging from $857.60 million to $863.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Sierra Wireless.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $201.90 million during the quarter, compared to analyst estimates of $199.17 million. Sierra Wireless had a positive return on equity of 1.73% and a negative net margin of 2.96%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share.

SWIR has been the subject of several research analyst reports. National Bank Financial lowered their price target on Sierra Wireless from $22.00 to $20.00 and set a “$16.55” rating for the company in a research report on Monday, July 23rd. Roth Capital set a $23.00 price target on Sierra Wireless and gave the stock a “buy” rating in a research report on Friday, August 3rd. Canaccord Genuity restated a “buy” rating on shares of Sierra Wireless in a research report on Friday, August 3rd. Zacks Investment Research upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Saturday, July 7th. Finally, BidaskClub upgraded Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.67.

Shares of SWIR traded down $0.33 during midday trading on Friday, hitting $18.22. 291,900 shares of the stock were exchanged, compared to its average volume of 298,679. Sierra Wireless has a 52-week low of $15.10 and a 52-week high of $23.50. The firm has a market cap of $675.95 million, a P/E ratio of 31.90, a P/E/G ratio of 2.33 and a beta of 2.86. The company has a quick ratio of 1.33, a current ratio of 1.61 and a debt-to-equity ratio of 0.09.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brand Asset Management Group Inc. acquired a new stake in shares of Sierra Wireless in the second quarter valued at $165,000. People s United Financial Inc. acquired a new stake in shares of Sierra Wireless in the second quarter valued at $179,000. Tower Research Capital LLC TRC raised its stake in shares of Sierra Wireless by 436.4% in the second quarter. Tower Research Capital LLC TRC now owns 12,799 shares of the communications equipment provider’s stock valued at $205,000 after acquiring an additional 10,413 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Sierra Wireless in the second quarter valued at $284,000. Finally, Toronto Dominion Bank raised its stake in shares of Sierra Wireless by 55.2% in the second quarter. Toronto Dominion Bank now owns 24,797 shares of the communications equipment provider’s stock valued at $412,000 after acquiring an additional 8,815 shares in the last quarter. Institutional investors and hedge funds own 25.10% of the company’s stock.

About Sierra Wireless

Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.

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