BlackBerry (TSE:BB) Announces Earnings Results

BlackBerry (TSE:BB) (NASDAQ:BBRY) released its earnings results on Thursday. The company reported C$0.10 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$219.02 million for the quarter. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at C$11.57 on Friday. BlackBerry has a 52 week low of C$4.35 and a 52 week high of C$18.45. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 29.45. The business has a 50 day moving average price of C$11.57 and a 200-day moving average price of C$10.28. The company has a market cap of C$6.78 billion, a PE ratio of 115.70, a price-to-earnings-growth ratio of 0.06 and a beta of 1.31.

Insider Buying and Selling

In related news, insider Tim Foote sold 3,066 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$47,185.74. Following the completion of the sale, the insider directly owned 85,493 shares of the company’s stock, valued at approximately C$1,315,737.27. This represents a 3.46% decrease in their position. Also, insider Philip Simon Kurtz sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of C$15.92, for a total value of C$477,600.00. Following the transaction, the insider owned 95,158 shares in the company, valued at approximately C$1,514,915.36. This trade represents a 23.97% decrease in their ownership of the stock. Over the last three months, insiders have sold 90,901 shares of company stock worth $1,473,162. 1.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.00.

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.