Brokerages Anticipate Just Energy Group Inc (JE) Will Announce Quarterly Sales of $839.29 Million

Analysts forecast that Just Energy Group Inc (NYSE:JE) (TSE:JE) will post sales of $839.29 million for the current quarter, Zacks reports. Two analysts have provided estimates for Just Energy Group’s earnings, with the highest sales estimate coming in at $913.82 million and the lowest estimate coming in at $764.75 million. Just Energy Group reported sales of $715.64 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.3%. The firm is expected to report its next quarterly earnings report on Wednesday, May 16th.

According to Zacks, analysts expect that Just Energy Group will report full year sales of $839.29 million for the current year, with estimates ranging from $2.83 billion to $3.08 billion. For the next financial year, analysts forecast that the firm will post sales of $3.27 billion per share, with estimates ranging from $2.96 billion to $3.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Just Energy Group.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). The firm had revenue of $679.41 million during the quarter, compared to analyst estimates of $827.81 million. Just Energy Group had a negative return on equity of 186.27% and a net margin of 5.74%.

JE has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. dropped their price target on shares of Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. B. Riley set a $6.25 price target on shares of Just Energy Group and gave the stock a “buy” rating in a research report on Wednesday, November 15th. CIBC upgraded shares of Just Energy Group from a “neutral” rating to an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating in a research report on Monday, December 18th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Just Energy Group currently has an average rating of “Buy” and an average price target of $7.17.

Shares of Just Energy Group (NYSE:JE) traded down $0.06 during midday trading on Tuesday, hitting $4.52. 440,284 shares of the stock were exchanged, compared to its average volume of 225,801. The firm has a market cap of $663.77, a P/E ratio of 6.65 and a beta of 0.85. Just Energy Group has a 1 year low of $3.86 and a 1 year high of $6.35. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of -1.21.

Several large investors have recently added to or reduced their stakes in JE. Arrowstreet Capital Limited Partnership bought a new stake in shares of Just Energy Group in the 2nd quarter valued at $4,414,000. TD Asset Management Inc. increased its stake in shares of Just Energy Group by 2.0% in the 3rd quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock valued at $31,388,000 after acquiring an additional 107,600 shares in the last quarter. Scotia Capital Inc. increased its stake in shares of Just Energy Group by 21.5% in the 2nd quarter. Scotia Capital Inc. now owns 436,520 shares of the utilities provider’s stock valued at $2,286,000 after acquiring an additional 77,159 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Just Energy Group by 249.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 96,847 shares of the utilities provider’s stock valued at $507,000 after acquiring an additional 69,123 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Just Energy Group in the 3rd quarter valued at $349,000. Institutional investors own 29.40% of the company’s stock.

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About Just Energy Group

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

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