Analysts expect that Just Energy (NYSE:JE) (TSE:JE) will report earnings per share of $0.13 for the current quarter, according to Zacks. Two analysts have made estimates for Just Energy’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.10. Just Energy posted earnings per share of $0.17 in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.5%. The business is scheduled to announce its next earnings results on Wednesday, May 16th.
On average, analysts expect that Just Energy will report full-year earnings of $1.06 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $0.58 per share, with EPS estimates ranging from $0.48 to $0.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Just Energy.
Just Energy (NYSE:JE) (TSE:JE) last released its earnings results on Wednesday, February 7th. The utilities provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.74. The firm had revenue of $718.30 million during the quarter, compared to analysts’ expectations of $776.79 million. Just Energy had a net margin of 5.74% and a negative return on equity of 214.69%.
Several analysts have recently issued reports on JE shares. CIBC raised shares of Just Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 8th. Royal Bank of Canada upgraded shares of Just Energy from a “sector perform” rating to an “outperform” rating in a report on Monday, December 18th. Zacks Investment Research upgraded shares of Just Energy from a “hold” rating to a “strong-buy” rating and set a $5.50 target price on the stock in a report on Wednesday, February 14th. Canaccord Genuity upgraded shares of Just Energy from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine lowered shares of Just Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Just Energy has a consensus rating of “Buy” and a consensus target price of $7.13.
JE stock opened at $4.42 on Friday. The company has a market capitalization of $655.69, a price-to-earnings ratio of 3.71 and a beta of 0.79. The company has a debt-to-equity ratio of -4.35, a current ratio of 0.93 and a quick ratio of 0.89. Just Energy has a one year low of $3.86 and a one year high of $6.29.
Just Energy declared that its Board of Directors has approved a share repurchase program on Thursday, March 15th that permits the company to repurchase 9,730,000 outstanding shares. This repurchase authorization permits the utilities provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a $0.097 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.39 dividend on an annualized basis and a yield of 8.78%. Just Energy’s dividend payout ratio is currently 118.18%.
Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its stake in shares of Just Energy by 128.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 650,081 shares of the utilities provider’s stock valued at $2,788,000 after purchasing an additional 365,614 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Just Energy in the 4th quarter valued at about $864,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Just Energy in the 4th quarter valued at about $674,000. Jane Street Group LLC acquired a new stake in shares of Just Energy in the 4th quarter valued at about $524,000. Finally, K.J. Harrison & Partners Inc acquired a new stake in shares of Just Energy in the 4th quarter valued at about $216,000. Hedge funds and other institutional investors own 30.46% of the company’s stock.
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About Just Energy
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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