Sierra Wireless (SWIR) Updates Q4 2018 Earnings Guidance

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) issued an update on its fourth quarter 2018 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.22-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.32. The company issued revenue guidance of $200-208 million, compared to the consensus revenue estimate of $208.4 million.Sierra Wireless also updated its Q4 guidance to $0.22-$0.30 EPS.

SWIR traded down $3.70 on Friday, hitting $16.02. The company had a trading volume of 2,113,686 shares, compared to its average volume of 206,504. Sierra Wireless has a 12-month low of $15.10 and a 12-month high of $23.45. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.61 and a quick ratio of 1.33. The firm has a market capitalization of $712.31 million, a PE ratio of 82.33, a price-to-earnings-growth ratio of 2.46 and a beta of 2.70.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its earnings results on Thursday, November 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Sierra Wireless had a positive return on equity of 1.73% and a negative net margin of 2.96%. The company had revenue of $203.40 million for the quarter, compared to analyst estimates of $202.20 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts expect that Sierra Wireless will post 0.67 EPS for the current year.

SWIR has been the topic of several analyst reports. Roth Capital set a $23.00 target price on Sierra Wireless and gave the company a buy rating in a research note on Friday, August 3rd. BidaskClub lowered Sierra Wireless from a hold rating to a sell rating in a research note on Thursday, September 27th. ValuEngine downgraded Sierra Wireless from a hold rating to a sell rating in a report on Tuesday, October 2nd. 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 report on Monday, July 23rd. Finally, Royal Bank of Canada lowered their price target on Sierra Wireless from $23.00 to $20.00 and set a sector perform rating for the company in a report on Monday, July 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Sierra Wireless presently has a consensus rating of Hold and an average price target of $23.22.

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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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