Wall Street analysts predict that Just Energy Group Inc (NYSE:JE) (TSE:JE) will post $716.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Just Energy Group’s earnings. The highest sales estimate is $733.10 million and the lowest is $698.99 million. Just Energy Group posted sales of $679.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The firm is scheduled to announce its next earnings report on Wednesday, November 14th.
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 $2.88 billion to $3.00 billion. For the next year, analysts forecast that the company will post sales of $3.15 billion per share, with estimates ranging from $2.99 billion to $3.30 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Just Energy Group.
Just Energy Group (NYSE:JE) (TSE:JE) last released its earnings results on Wednesday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). The firm had revenue of $679.25 million during the quarter, compared to analyst estimates of $708.65 million. Just Energy Group had a net margin of 9.98% and a return on equity of 1,815.36%.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. HC Wainwright set a $7.00 target price on Just Energy Group and gave the company a “buy” rating in a research note on Friday, August 10th. B. Riley set a $6.00 target price on Just Energy Group and gave the company a “buy” rating in a research note on Friday, May 18th. Canaccord Genuity cut Just Energy Group from a “buy” rating to a “hold” rating and set a $3.86 target price for the company. in a research note on Thursday, May 17th. Finally, ValuEngine cut Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.72.
Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in shares of Just Energy Group in the 1st quarter worth $109,000. Hsbc Holdings PLC bought a new position in shares of Just Energy Group in the 1st quarter worth $116,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Just Energy Group in the 1st quarter worth $123,000. ClariVest Asset Management LLC bought a new position in shares of Just Energy Group in the 1st quarter worth $239,000. Finally, CLARET ASSET MANAGEMENT Corp boosted its position in shares of Just Energy Group by 43.0% in the 1st quarter. CLARET ASSET MANAGEMENT Corp now owns 55,143 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 16,585 shares during the last quarter. Institutional investors and hedge funds own 23.69% of the company’s stock.
Shares of NYSE JE traded up $0.02 during midday trading on Friday, hitting $3.02. The stock had a trading volume of 246,900 shares, compared to its average volume of 283,273. The stock has a market capitalization of $446.26 million, a P/E ratio of 2.56 and a beta of 0.34. Just Energy Group has a fifty-two week low of $2.80 and a fifty-two week high of $5.91. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.34 and a current ratio of 1.37.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Saturday, September 15th will be given a $0.096 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.38 annualized dividend and a dividend yield of 12.72%. Just Energy Group’s dividend payout ratio is currently 33.05%.
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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