Bridgestone (OTCMKTS:BRDCY) Issues FY 2021 Earnings Guidance

Bridgestone (OTCMKTS:BRDCY) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $4.200-$4.200 for the period. The company issued revenue guidance of $30.21 billion-$30.21 billion.

Separately, Zacks Investment Research downgraded Bridgestone from a strong-buy rating to a sell rating in a report on Tuesday, October 26th.

Shares of Bridgestone stock traded down $0.13 on Thursday, reaching $21.30. 85,536 shares of the company’s stock were exchanged, compared to its average volume of 61,378. The firm’s 50-day moving average is $22.76 and its two-hundred day moving average is $22.60. The company has a market capitalization of $30.40 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.24 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.85 and a current ratio of 2.47. Bridgestone has a 52 week low of $15.94 and a 52 week high of $24.90.

About Bridgestone

Bridgestone Corp. engages in the manufacture and sale of tires and rubber products. It operates through the Tires and Diversified Products segments. The Tires segment manufactures and sells tires, tubes, wheels and accessories. It also offers retread material and services, and auto maintenance. The Diversified Products segment includes chemical and industrial products, sporting goods, bicycles, and financial services.

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