Brokerages Expect Just Energy Group Inc (NYSE:JE) Will Announce Earnings of $0.07 Per Share

Equities research analysts expect Just Energy Group Inc (NYSE:JE) (TSE:JE) to report earnings of $0.07 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Just Energy Group’s earnings, with estimates ranging from $0.04 to $0.10. Just Energy Group reported earnings per share of ($0.03) during the same quarter last year, which would suggest a positive year-over-year growth rate of 333.3%. The company is scheduled to report its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Just Energy Group will report full year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.39 to $0.47. For the next year, analysts anticipate that the business will post earnings of $0.46 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Just Energy Group.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Thursday, May 16th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $770.37 million for the quarter, compared to the consensus estimate of $788.43 million. Just Energy Group had a positive return on equity of 47.01% and a negative net margin of 3.21%.

Several equities analysts have recently weighed in on JE shares. Zacks Investment Research cut shares of Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. B. Riley set a $6.00 price target on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, May 17th. HC Wainwright set a $7.00 price target on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, May 17th. CIBC reaffirmed a “hold” rating on shares of Just Energy Group in a research note on Friday, June 7th. Finally, ValuEngine cut shares of Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Friday, May 17th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $5.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JE. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Just Energy Group by 20.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,042 shares of the utilities provider’s stock valued at $58,000 after purchasing an additional 2,950 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Just Energy Group by 73.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,093 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 4,289 shares during the last quarter. Citigroup Inc. lifted its holdings in Just Energy Group by 20.1% during the 1st quarter. Citigroup Inc. now owns 42,400 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 7,104 shares during the last quarter. Vanguard Group Inc lifted its holdings in Just Energy Group by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 2,365,855 shares of the utilities provider’s stock valued at $7,335,000 after purchasing an additional 7,266 shares during the last quarter. Finally, First Allied Advisory Services Inc. acquired a new stake in Just Energy Group during the 4th quarter valued at $42,000. 28.26% of the stock is owned by institutional investors.

Shares of JE traded up $0.03 during mid-day trading on Friday, hitting $4.25. 343,218 shares of the company’s stock were exchanged, compared to its average volume of 450,282. The stock has a market capitalization of $635.80 million, a P/E ratio of 35.42 and a beta of 0.69. Just Energy Group has a 52 week low of $2.80 and a 52 week high of $4.34. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 22.52.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a $0.093 dividend. This represents a $0.37 annualized dividend and a dividend yield of 8.75%. The ex-dividend date of this dividend is Friday, June 14th. Just Energy Group’s payout ratio is presently 316.67%.

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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Earnings History and Estimates for Just Energy Group (NYSE:JE)

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