BlackBerry (NYSE:BB) released its quarterly earnings data on Wednesday. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04, RTT News reports. BlackBerry had a net margin of 12.58% and a return on equity of 1.86%. The company had revenue of $267.00 million during the quarter, compared to analyst estimates of $264.55 million. During the same period last year, the business earned $0.03 earnings per share. BlackBerry’s revenue was up 23.0% compared to the same quarter last year. BlackBerry updated its FY 2020 guidance to EPS.
Shares of BlackBerry stock opened at $7.46 on Friday. BlackBerry has a 1 year low of $6.57 and a 1 year high of $12.00. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 82.00 and a beta of 2.01. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $8.26.
Several equities research analysts have issued reports on the stock. Canaccord Genuity dropped their target price on shares of BlackBerry from $10.00 to $9.00 and set a “hold” rating for the company in a research report on Thursday. Zacks Investment Research lowered shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Royal Bank of Canada dropped their target price on shares of BlackBerry from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price on shares of BlackBerry in a research report on Friday, March 22nd. Finally, Raymond James dropped their target price on shares of BlackBerry from $11.00 to $10.50 and set a “market perform” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. BlackBerry presently has a consensus rating of “Hold” and an average price target of $10.25.
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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