BlackBerry (NYSE:BB) posted its quarterly earnings data on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03, MarketWatch Earnings reports. BlackBerry had a negative net margin of 34.24% and a positive return on equity of 0.61%. The company had revenue of $226.00 million for the quarter, compared to the consensus estimate of $215.38 million. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. BlackBerry updated its FY19 guidance to positive EPS EPS.
Shares of BlackBerry stock opened at $7.35 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 6.43 and a current ratio of 6.43. BlackBerry has a one year low of $7.34 and a one year high of $14.55. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 147.00 and a beta of 1.80.
A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 3rd. Canaccord Genuity reissued a “hold” rating on shares of BlackBerry in a research report on Friday, November 16th. Raymond James boosted their price target on BlackBerry from $11.00 to $11.50 and gave the company a “market perform” rating in a research note on Monday, October 1st. Finally, CIBC raised BlackBerry from a “neutral” rating to an “outperform” rating and set a $14.00 price target for the company in a research note on Monday, November 19th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. BlackBerry has an average rating of “Hold” and a consensus target price 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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