Q2 2019 Earnings Forecast for Just Energy Group Inc (JE) Issued By B. Riley
Just Energy Group Inc (TSE:JE) (NYSE:JE) – Equities researchers at B. Riley lowered their Q2 2019 earnings estimates for shares of Just Energy Group in a research note issued to investors on Friday, September 14th. B. Riley analyst C. Driscoll now anticipates that the company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.16. B. Riley also issued estimates for Just Energy Group’s Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.18 EPS and Q2 2020 earnings at $0.09 EPS.
Just Energy Group (TSE:JE) (NYSE:JE) last announced its earnings results on Wednesday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.15). The firm had revenue of C$876.46 million for the quarter, compared to analyst estimates of C$913.00 million.
Shares of JE opened at C$3.97 on Monday. Just Energy Group has a 12-month low of C$3.66 and a 12-month high of C$7.45.
In related news, insider Ron Joyce bought 100,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were bought at an average cost of C$3.78 per share, for a total transaction of C$378,000.00. Also, Director Brett Perlman bought 10,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were bought at an average price of C$301.00 per share, for a total transaction of C$3,010,000.00. Over the last quarter, insiders purchased 124,000 shares of company stock worth $3,439,100.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Saturday, September 15th will be given a $0.125 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 12.59%.
About Just Energy Group
Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.
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