Sierra Wireless, Inc. (TSE:SW) to Post FY2022 Earnings of $0.53 Per Share, B. Riley Forecasts

Sierra Wireless, Inc. (TSE:SWGet Rating) (NASDAQ:SWIR) – Equities researchers at B. Riley reduced their FY2022 earnings estimates for shares of Sierra Wireless in a research note issued on Monday, August 1st. B. Riley analyst J. Nichols now expects that the company will post earnings of $0.53 per share for the year, down from their previous estimate of $0.54. B. Riley has a “Buy” rating and a $27.50 price objective on the stock. The consensus estimate for Sierra Wireless’ current full-year earnings is $1.57 per share. B. Riley also issued estimates for Sierra Wireless’ FY2023 earnings at $0.71 EPS.

Several other brokerages have also recently commented on SW. Raymond James lifted their price objective on shares of Sierra Wireless from C$18.00 to C$20.00 and gave the company a “market perform” rating in a research note on Thursday, May 12th. William Blair began coverage on shares of Sierra Wireless in a research note on Tuesday, April 19th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$23.13.

Sierra Wireless Stock Performance

Shares of TSE SW opened at C$39.52 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 0.99 and a debt-to-equity ratio of 27.53. Sierra Wireless has a 12 month low of C$17.17 and a 12 month high of C$39.55. The company has a 50 day simple moving average of C$30.59 and a two-hundred day simple moving average of C$24.74. The stock has a market cap of C$1.51 billion and a price-to-earnings ratio of -15.86.

Sierra Wireless (TSE:SWGet Rating) (NASDAQ:SWIR) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C($0.14) by C$0.34. The business had revenue of C$219.09 million for the quarter, compared to analyst estimates of C$179.29 million.

Insider Activity at Sierra Wireless

In related news, Senior Officer Stephen Gregory Harmon sold 2,778 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of C$24.12, for a total value of C$66,991.47. Following the completion of the transaction, the insider now directly owns 14,101 shares in the company, valued at approximately C$340,045.62.

About Sierra Wireless

(Get Rating)

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.

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