Bombardier (BDRBF) Projected to Release Earnings on Thursday

Bombardier (OTCMKTS:BDRBF) is projected to issue its results before the market opens on Thursday, July 30th. Analysts expect Bombardier to announce earnings of $1.37 per share and revenue of $2.1427 billion for the quarter.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.91. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.64 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%. On average, analysts expect Bombardier to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Bombardier Trading Down 0.5%

OTCMKTS:BDRBF opened at $250.00 on Thursday. The stock’s 50 day simple moving average is $223.84 and its 200-day simple moving average is $199.30. Bombardier has a 12-month low of $103.87 and a 12-month high of $253.51. The firm has a market cap of $24.66 billion and a P/E ratio of 37.82.

Analyst Ratings Changes

BDRBF has been the subject of a number of recent analyst reports. TD Securities reissued a “hold” rating on shares of Bombardier in a report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. Desjardins reaffirmed a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a research report on Tuesday, July 7th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $263.00.

About Bombardier

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.