BlackBerry (NYSE:BB) posted its earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04), Zacks reports. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $267.91 million. BlackBerry had a return on equity of 1.32% and a net margin of 3.19%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. BlackBerry updated its FY 2020 guidance to EPS.
Shares of NYSE BB opened at $5.45 on Friday. The business’s 50 day moving average is $7.00 and its two-hundred day moving average is $8.05. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. BlackBerry has a 1-year low of $5.38 and a 1-year high of $12.00. The stock has a market capitalization of $3.19 billion, a P/E ratio of 41.92 and a beta of 1.78.
BB has been the topic of a number of research analyst reports. Canaccord Genuity set a $7.00 target price on BlackBerry and gave the stock a “hold” rating in a research report on Tuesday. TD Securities decreased their target price on BlackBerry from $14.50 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday. Scotiabank downgraded BlackBerry from an “outperform” rating to a “sector perform” rating and set a $7.50 target price on the stock. in a research report on Tuesday. Raymond James set a $9.50 target price on BlackBerry and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Morgan Stanley decreased their target price on BlackBerry from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $7.63.
BlackBerry Limited provides enterprise software and services worldwide. The company 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 networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.
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