Bridgestone (BRDCY) Projected to Post Quarterly Earnings on Thursday

Bridgestone (OTCMKTS:BRDCY) will likely be announcing its results after the market closes on Thursday, November 12th. Analysts expect the company to post earnings of $0.2499 per share and revenue of $7.51 billion for the quarter.

Bridgestone Stock Up 4.4%

OTCMKTS BRDCY opened at $13.59 on Tuesday. The company has a current ratio of 2.78, a quick ratio of 1.92 and a debt-to-equity ratio of 0.20. Bridgestone has a one year low of $9.15 and a one year high of $13.64. The stock has a 50-day moving average of $12.41 and a 200 day moving average of $11.50.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BRDCY shares. Zacks Research lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Sanford C. Bernstein cut shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Hold rating. According to MarketBeat, Bridgestone presently has a consensus rating of “Hold”.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber products. Its offerings include tires for passenger cars, trucks, buses, motorcycles, aircraft, and off-the-road vehicles, as well as related tire and mobility services.

Founded in 1931 by Shojiro Ishibashi, the company takes its name from an English translation of its founder’s surname. Bridgestone acquired the U.S. tire maker Firestone in 1988, expanding its operations and product presence in North America.

Bridgestone serves customers worldwide through manufacturing, sales, and service operations across multiple regions.