Bombardier (OTCMKTS:BDRBF) Announces Earnings Results

Bombardier (OTCMKTS:BDRBF) announced its quarterly earnings data on Thursday. The company reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $1.42, Zacks reports. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.48 billion.

Bombardier Trading Up 0.6%

Shares of BDRBF stock traded up $0.99 during midday trading on Friday, hitting $180.28. The company had a trading volume of 26,820 shares, compared to its average volume of 21,709. The company’s 50 day simple moving average is $176.21 and its 200 day simple moving average is $148.78. Bombardier has a 52-week low of $50.77 and a 52-week high of $200.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. UBS Group reissued a “neutral” rating on shares of Bombardier in a report on Friday. National Bank Financial reissued an “outperform” rating and set a $263.00 target price on shares of Bombardier in a research report on Tuesday, December 2nd. Scotiabank downgraded Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce cut shares of Bombardier from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Bombardier presently has an average rating of “Hold” and a consensus target price of $263.00.

Bombardier Company Profile

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.