Brokerages Anticipate THUNDER BRDG AC/SH SH NV (NASDAQ:TBRG) Will Post Earnings of $0.09 Per Share

Wall Street analysts expect THUNDER BRDG AC/SH SH NV (NASDAQ:TBRG) to post earnings of $0.09 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for THUNDER BRDG AC/SH SH’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.07. THUNDER BRDG AC/SH SH posted earnings per share of ($0.01) in the same quarter last year, which would indicate a positive year-over-year growth rate of 1,000%. The company is scheduled to announce its next quarterly earnings results on Friday, August 9th.

On average, analysts expect that THUNDER BRDG AC/SH SH will report full year earnings of $0.09 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $0.18 per share, with EPS estimates ranging from $0.00 to $0.36. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover THUNDER BRDG AC/SH SH.

THUNDER BRDG AC/SH SH (NASDAQ:TBRG) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter.



Several equities analysts have recently issued reports on the stock. Northland Securities reaffirmed a “buy” rating and issued a $15.00 price objective on shares of THUNDER BRDG AC/SH SH in a research note on Thursday, June 27th. William Blair reaffirmed a “buy” rating on shares of Dynavax Technologies in a research note on Friday, June 21st.

Shares of TBRG traded up $1.77 during mid-day trading on Friday, hitting $13.31. The company’s stock had a trading volume of 2,121,150 shares, compared to its average volume of 1,265,846. The company has a 50-day moving average of $10.49. The company has a market cap of $343.40 million and a PE ratio of -95.07. THUNDER BRDG AC/SH SH has a fifty-two week low of $9.60 and a fifty-two week high of $13.63.

Several institutional investors have recently added to or reduced their stakes in TBRG. Weiss Asset Management LP raised its stake in THUNDER BRDG AC/SH SH by 53.7% during the first quarter. Weiss Asset Management LP now owns 1,349,000 shares of the company’s stock worth $13,760,000 after purchasing an additional 471,226 shares during the period. FSI Group LLC purchased a new position in THUNDER BRDG AC/SH SH during the first quarter worth approximately $1,005,000. Yakira Capital Management Inc. raised its stake in THUNDER BRDG AC/SH SH by 266.7% during the first quarter. Yakira Capital Management Inc. now owns 550,000 shares of the company’s stock worth $5,610,000 after purchasing an additional 400,000 shares during the period. Periscope Capital Inc. raised its stake in THUNDER BRDG AC/SH SH by 154.5% during the first quarter. Periscope Capital Inc. now owns 1,230,100 shares of the company’s stock worth $12,548,000 after purchasing an additional 746,700 shares during the period. Finally, Bank of Montreal Can raised its stake in THUNDER BRDG AC/SH SH by 81.4% during the first quarter. Bank of Montreal Can now owns 1,824,774 shares of the company’s stock worth $18,613,000 after purchasing an additional 818,774 shares during the period. 80.44% of the stock is currently owned by institutional investors and hedge funds.

THUNDER BRDG AC/SH SH Company Profile

Thunder Bridge Acquisition, Ltd. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or business combination. The company was founded in 2017 and is based in Great Falls, Virginia.

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