Zacks: Brokerages Expect Just Energy Group Inc (JE) Will Post Quarterly Sales of $740.75 Million
Wall Street brokerages predict that Just Energy Group Inc (NYSE:JE) (TSE:JE) will post $740.75 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Just Energy Group’s earnings. The lowest sales estimate is $719.46 million and the highest is $762.04 million. Just Energy Group posted sales of $718.30 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Just Energy Group will report full-year sales of $2.95 billion for the current year, with estimates ranging from $2.90 billion to $2.98 billion. For the next year, analysts forecast that the company will post sales of $3.15 billion, with estimates ranging from $3.00 billion to $3.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Just Energy Group.
JE has been the subject of a number of recent research reports. National Bank Financial lowered shares of Just Energy Group from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 21st. HC Wainwright reissued a “buy” rating and set a $7.00 price target on shares of Just Energy Group in a research report on Friday, September 14th. Zacks Investment Research raised shares of Just Energy Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. TD Securities reissued a “buy” rating and set a $5.00 price target on shares of Just Energy Group in a research report on Thursday, November 8th. Finally, CIBC lowered shares of Just Energy Group from a “sector outperform” rating to a “neutral” rating in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.47.
JE traded down $0.04 during trading on Thursday, reaching $3.93. 9,326 shares of the company’s stock were exchanged, compared to its average volume of 292,891. Just Energy Group has a 1 year low of $2.80 and a 1 year high of $5.09. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 3.88. The firm has a market capitalization of $586.73 million, a PE ratio of 3.33 and a beta of 0.11.
Just Energy Group Company Profile
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.
Read More: What is a stock buyback?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Just Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.