Brokerages expect that Just Energy Group Inc (NYSE:JE) (TSE:JE) will announce earnings of $0.14 per share for the current quarter, Zacks reports. Two analysts have made estimates for Just Energy Group’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. Just Energy Group posted earnings of $0.01 per share in the same quarter last year, which suggests a positive year over year growth rate of 1,300%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Just Energy Group will report full-year earnings of $0.29 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.34. For the next fiscal year, analysts forecast that the business will report earnings of $0.56 per share, with EPS estimates ranging from $0.46 to $0.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Just Energy Group.
Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings data on Wednesday, May 16th. The utilities provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $802.97 million for the quarter, compared to analyst estimates of $839.07 million. Just Energy Group had a net margin of 9.98% and a negative return on equity of 745.08%.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered shares of Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. B. Riley set a $6.00 price target on shares of Just Energy Group and gave the company a “buy” rating in a research note on Friday, August 10th. HC Wainwright set a $7.00 price target on shares of Just Energy Group and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Canaccord Genuity lowered shares of Just Energy Group from a “buy” rating to a “hold” rating and set a $3.86 price target on the stock. in a research note on Thursday, May 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Just Energy Group presently has a consensus rating of “Hold” and an average price target of $5.72.
Several large investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of Just Energy Group during the second quarter valued at approximately $6,252,000. Schroder Investment Management Group increased its stake in shares of Just Energy Group by 60.6% during the first quarter. Schroder Investment Management Group now owns 93,914 shares of the utilities provider’s stock valued at $534,000 after acquiring an additional 35,449 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Just Energy Group during the first quarter valued at approximately $123,000. Intact Investment Management Inc. increased its stake in shares of Just Energy Group by 26.6% during the second quarter. Intact Investment Management Inc. now owns 1,282,800 shares of the utilities provider’s stock valued at $6,068,000 after acquiring an additional 269,900 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of Just Energy Group during the first quarter valued at approximately $116,000. Institutional investors own 24.85% of the company’s stock.
Shares of NYSE:JE traded up $0.01 during trading hours on Friday, hitting $3.08. The stock had a trading volume of 144,277 shares, compared to its average volume of 270,513. Just Energy Group has a 1-year low of $3.03 and a 1-year high of $5.91. The firm has a market capitalization of $491.78 million, a P/E ratio of 2.61 and a beta of 0.54. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.83.
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.
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