BlackBerry (NYSE:BB) issued its earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03, MarketWatch Earnings reports. BlackBerry had a positive return on equity of 0.61% and a negative net margin of 34.24%. The company had revenue of $226.00 million for the quarter, compared to analyst estimates of $215.38 million. During the same period in the prior year, the firm earned $0.03 earnings per share. BlackBerry’s revenue for the quarter was up .0% on a year-over-year basis. BlackBerry updated its FY19 guidance to positive EPS EPS.
Shares of BB opened at $7.35 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 6.43 and a quick ratio of 6.43. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 147.00 and a beta of 1.80. BlackBerry has a 52 week low of $7.34 and a 52 week high of $14.55.
Several equities research analysts have recently issued reports on BB shares. Canaccord Genuity reaffirmed a “hold” rating on shares of BlackBerry in a research report on Friday, November 16th. Zacks Investment Research downgraded BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 3rd. Raymond James raised their target price on BlackBerry from $11.00 to $11.50 and gave the stock a “market perform” rating in a research note on Monday, October 1st. Finally, CIBC upgraded BlackBerry from a “neutral” rating to an “outperform” rating and set a $14.00 price target for the company in a research report on Monday, November 19th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. BlackBerry currently has an average rating of “Hold” and an average price target of $12.13.
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BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.
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