Just Energy Group Inc (JE) Expected to Post Earnings of $0.19 Per Share

Equities research analysts expect Just Energy Group Inc (NYSE:JE) (TSE:JE) to post earnings of $0.19 per share for the current quarter, according to Zacks. Three analysts have made estimates for Just Energy Group’s earnings, with estimates ranging from $0.12 to $0.25. Just Energy Group posted earnings of $0.16 per share in the same quarter last year, which would indicate a positive year over year growth rate of 18.8%. The business is expected to report its next earnings report on Wednesday, May 15th.

According to Zacks, analysts expect that Just Energy Group will report full year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.03) to $0.01. For the next year, analysts expect that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.40 to $0.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Just Energy Group.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Wednesday, February 6th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Just Energy Group had a net margin of 6.19% and a return on equity of 68.59%. The company had revenue of $731.50 million during the quarter, compared to analyst estimates of $740.75 million.

A number of research firms have recently issued reports on JE. Zacks Investment Research lowered Just Energy Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. ValuEngine downgraded shares of Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 12th. Royal Bank of Canada downgraded shares of Just Energy Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 12th. B. Riley assumed coverage on shares of Just Energy Group in a research note on Thursday, March 14th. They set a “buy” rating and a $6.00 target price for the company. Finally, National Bank Financial reiterated a “hold” rating on shares of Just Energy Group in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Just Energy Group currently has a consensus rating of “Hold” and an average target price of $5.37.

Shares of Just Energy Group stock traded down $0.02 on Friday, hitting $3.40. The company’s stock had a trading volume of 123,105 shares, compared to its average volume of 145,884. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 3.52. Just Energy Group has a 1 year low of $2.80 and a 1 year high of $4.54. The firm has a market cap of $508.36 million, a PE ratio of 2.88 and a beta of 0.54.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.0941 dividend. This is a boost from Just Energy Group’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a yield of 11.08%. The ex-dividend date was Thursday, March 14th. Just Energy Group’s payout ratio is presently 32.20%.

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Just Energy Group by 801.9% during the 4th quarter. Geode Capital Management LLC now owns 333,961 shares of the utilities provider’s stock worth $1,504,000 after purchasing an additional 296,933 shares during the last quarter. Norges Bank bought a new position in shares of Just Energy Group during the 4th quarter worth approximately $4,289,000. First Allied Advisory Services Inc. bought a new position in shares of Just Energy Group during the 4th quarter worth approximately $42,000. Jane Street Group LLC bought a new position in shares of Just Energy Group during the 4th quarter worth approximately $293,000. Finally, Pensionmark Financial Group LLC bought a new position in shares of Just Energy Group during the 4th quarter worth approximately $69,000. 29.26% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Fundamental Analysis

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

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