Equities analysts expect Just Energy Group, Inc. (NYSE:JE) (TSE:JE) to post $810.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Just Energy Group’s earnings, with the highest sales estimate coming in at $885.62 million and the lowest estimate coming in at $734.43 million. Just Energy Group reported sales of $761.30 million during the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is expected to issue its next earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that Just Energy Group will report full year sales of $810.03 million for the current financial year, with estimates ranging from $2.84 billion to $3.29 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.12 billion per share, with estimates ranging from $2.85 billion to $3.57 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Just Energy Group.

A number of equities analysts recently issued reports on the company. HC Wainwright set a $10.00 target price on Just Energy Group and gave the stock a “buy” rating in a research note on Friday, August 11th. FBR & Co restated a “buy” rating and issued a $7.50 price target on shares of Just Energy Group in a research note on Wednesday, June 14th. Canaccord Genuity lowered Just Energy Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Zacks Investment Research upgraded Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Wednesday, July 12th. Finally, ValuEngine lowered Just Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Just Energy Group presently has a consensus rating of “Buy” and an average target price of $8.29.

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Shares of Just Energy Group (NYSE:JE) opened at 5.69 on Friday. The stock has a market capitalization of $835.25 million, a price-to-earnings ratio of 15.55 and a beta of 1.05. The company has a 50-day moving average price of $5.35 and a 200-day moving average price of $5.67. Just Energy Group has a 52-week low of $4.83 and a 52-week high of $6.35.

A number of institutional investors have recently added to or reduced their stakes in JE. Traynor Capital Management Inc. increased its position in Just Energy Group by 1.5% in the first quarter. Traynor Capital Management Inc. now owns 33,592 shares of the utilities provider’s stock valued at $204,000 after buying an additional 498 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Just Energy Group by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock valued at $447,000 after buying an additional 1,585 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Just Energy Group by 15.3% in the second quarter. Parametric Portfolio Associates LLC now owns 30,518 shares of the utilities provider’s stock valued at $160,000 after buying an additional 4,039 shares in the last quarter. Citadel Advisors LLC boosted its position in Just Energy Group by 29.3% in the second quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock valued at $115,000 after buying an additional 4,994 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Just Energy Group by 13.5% in the second quarter. Schroder Investment Management Group now owns 45,907 shares of the utilities provider’s stock valued at $314,000 after buying an additional 5,469 shares in the last quarter. Institutional investors own 29.43% of the company’s stock.

Just Energy Group Company Profile

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

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