Sierra Wireless (SWIR) to Release Earnings on Thursday

Sierra Wireless (NASDAQ:SWIR – Get Rating) (TSE:SW) will be posting its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect Sierra Wireless to post earnings of $0.21 per share for the quarter. Sierra Wireless has set its Q2 2022 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Sierra Wireless (NASDAQ:SWIR – Get Rating) (TSE:SW) last announced its earnings results on Wednesday, May 11th. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.27. Sierra Wireless had a negative net margin of 13.35% and a negative return on equity of 8.87%. The business had revenue of $172.96 million during the quarter, compared to analyst estimates of $141.34 million. On average, analysts expect Sierra Wireless to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sierra Wireless Trading Up 9.3 %

Shares of Sierra Wireless stock opened at $30.76 on Thursday. Sierra Wireless has a 1 year low of $13.44 and a 1 year high of $30.80. The firm has a market cap of $1.20 billion, a PE ratio of -16.02, a PEG ratio of 3.94 and a beta of 1.59. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.79 and a quick ratio of 1.33. The company has a 50 day simple moving average of $23.86 and a two-hundred day simple moving average of $19.40.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SWIR. William Blair lowered shares of Sierra Wireless to a “market perform” rating in a research report on Wednesday. TD Securities boosted their price objective on shares of Sierra Wireless from $19.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 12th. Craig Hallum restated a “downgrade” rating on shares of Sierra Wireless in a report on Wednesday. Canaccord Genuity Group lowered shares of Sierra Wireless from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Roth Capital restated a “downgrade” rating on shares of Sierra Wireless in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.71.

Institutional Trading of Sierra Wireless

Hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in shares of Sierra Wireless in the 1st quarter worth about $49,000. JPMorgan Chase & Co. bought a new position in Sierra Wireless in the 1st quarter worth about $63,000. Bank of America Corp DE boosted its stake in Sierra Wireless by 30.6% in the 1st quarter. Bank of America Corp DE now owns 10,199 shares of the communications equipment provider’s stock worth $184,000 after purchasing an additional 2,387 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Sierra Wireless in the 1st quarter worth about $257,000. Finally, Mackenzie Financial Corp bought a new position in Sierra Wireless in the 1st quarter worth about $272,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

Sierra Wireless Company Profile

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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.