Bombardier (OTCMKTS:BDRBF) Announces Quarterly Earnings Results

Bombardier (OTCMKTS:BDRBF) issued its quarterly earnings results on Thursday. The company reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $1.42, Zacks reports. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.48 billion.

Bombardier Stock Down 5.4%

Bombardier stock traded down $9.89 during mid-day trading on Friday, reaching $174.17. 1,574 shares of the company were exchanged, compared to its average volume of 21,407. The firm’s 50-day simple moving average is $175.90 and its two-hundred day simple moving average is $148.35. Bombardier has a twelve month low of $50.77 and a twelve month high of $200.00.

Analyst Upgrades and Downgrades

BDRBF has been the subject of several analyst reports. Zacks Research raised Bombardier to a “hold” rating in a research note on Tuesday, December 16th. Scotiabank downgraded Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Wednesday, January 21st. Finally, National Bank Financial reiterated an “outperform” rating and set a $263.00 price target on shares of Bombardier in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $263.00.

Bombardier Company Profile

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.