FY2017 EPS Estimates for Sierra Wireless, Inc. (SW) Raised by Analyst
Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) – Cormark increased their FY2017 earnings estimates for shares of Sierra Wireless in a note issued to investors on Wednesday. Cormark analyst R. Peters now anticipates that the company will post earnings per share of $1.01 for the year, up from their previous estimate of $0.95. Cormark also issued estimates for Sierra Wireless’ Q1 2018 earnings at $0.27 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.33 EPS and FY2019 earnings at $1.32 EPS.
Several other equities research analysts also recently weighed in on the company. TD Securities reduced their price target on Sierra Wireless to C$36.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Raymond James Financial upgraded Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 price target on the stock in a report on Monday, November 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$31.60.
Shares of Sierra Wireless (SW) opened at C$26.60 on Thursday. Sierra Wireless has a fifty-two week low of C$20.89 and a fifty-two week high of C$43.16.
In other Sierra Wireless news, Director Jason W. Cohenour sold 5,649 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of C$19.03, for a total transaction of C$107,500.47. Also, insider Bill Gary Dodson sold 1,569 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of C$26.40, for a total value of C$41,421.60. Insiders have sold a total of 13,250 shares of company stock worth $272,917 over the last 90 days.
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Sierra Wireless Company Profile
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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