Bombardier (OTCMKTS:BDRBF – Get Free Report) posted its earnings results on Thursday. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11, Zacks reports. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion.
Bombardier Stock Performance
Shares of BDRBF traded down $3.63 during mid-day trading on Friday, hitting $218.33. 1,034 shares of the company’s stock were exchanged, compared to its average volume of 22,603. The stock’s 50-day moving average is $223.21 and its 200-day moving average is $212.42. Bombardier has a fifty-two week low of $135.68 and a fifty-two week high of $269.94. The company has a market cap of $21.65 billion and a price-to-earnings ratio of 23.97.
Wall Street Analyst Weigh In
BDRBF has been the topic of several recent analyst reports. Zacks Research lowered Bombardier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Scotiabank restated an “outperform” rating on shares of Bombardier in a report on Thursday, October 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $263.00.
Read Our Latest Stock Analysis on BDRBF
About Bombardier
Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.
Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.
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