Sierra Wireless, Inc. (SW) to Post FY2017 Earnings of $1.01 Per Share, Cormark Forecasts

Sierra Wireless, Inc. (TSE:SW) (NASDAQ:SWIR) – Cormark boosted their FY2017 EPS estimates for shares of Sierra Wireless in a research report issued to clients and 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.

A number of other equities research analysts have also weighed in on SW. TD Securities cut their target price on shares of Sierra Wireless to C$36.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Raymond James Financial raised shares of Sierra Wireless from a “market perform” rating to an “outperform” rating and set a C$38.00 target price on the stock in a research note on Monday, November 27th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$31.60.

Shares of Sierra Wireless (TSE:SW) opened at C$26.22 on Thursday. Sierra Wireless has a 52 week low of C$20.89 and a 52 week high of C$43.16.

In related news, Director Jason W. Cohenour sold 5,649 shares of Sierra Wireless stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$19.03, for a total transaction of C$107,500.47. Also, Director Kent Paul Thexton purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of C$24.55 per share, with a total value of C$49,100.00. Insiders have sold a total of 13,250 shares of company stock worth $272,917 in the last ninety 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.

Earnings History and Estimates for Sierra Wireless (TSE:SW)

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