Bombardier (OTCMKTS:BDRBF – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $1.18, Zacks reports. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.
Bombardier Stock Down 0.5%
OTCMKTS:BDRBF traded down $1.16 during trading hours on Friday, reaching $234.61. 3,587 shares of the stock were exchanged, compared to its average volume of 22,122. The stock has a market capitalization of $23.14 billion and a P/E ratio of 35.49. The firm has a 50 day simple moving average of $230.79 and a 200-day simple moving average of $202.72. Bombardier has a 52 week low of $103.87 and a 52 week high of $269.94.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Friday, May 29th. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. Royal Bank Of Canada restated an “outperform” 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 research note on Friday, May 1st. Finally, National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a report on Tuesday, July 7th. 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 stock currently has a consensus rating of “Hold” and an average price target 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.
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