Bombardier (BDRBF) Set to Release Earnings on Thursday

Bombardier (OTCMKTS:BDRBF) is expected to be announcing its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $1.61 per share and revenue of $2.38 billion for the quarter.

Bombardier (OTCMKTS:BDRBF) last posted its earnings results on Thursday, July 30th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.18. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Bombardier had a net margin of 9.74% and a negative return on equity of 75.69%. On average, analysts expect Bombardier to post $10.15 EPS for the current fiscal year and $11.00 EPS for the next fiscal year.

Bombardier Price Performance

Shares of BDRBF opened at $242.69 on Thursday. The company has a market capitalization of $24.07 billion and a P/E ratio of 26.64. Bombardier has a one year low of $134.35 and a one year high of $269.94. The business’s 50 day simple moving average is $223.35 and its 200-day simple moving average is $210.81.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BDRBF shares. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research report on Thursday, October 15th. Zacks Research raised Bombardier from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. National Bank Financial upgraded Bombardier from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 15th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bombardier has a consensus rating of “Moderate Buy” and a consensus price target of $263.00.

About Bombardier

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.

Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.