Bombardier (OTCMKTS:BDRBF) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Bombardier (OTCMKTS:BDRBF) posted its quarterly earnings results on Thursday. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11, Zacks reports. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.38 billion.

Bombardier Stock Up 0.4%

BDRBF traded up $0.89 during midday trading on Friday, reaching $222.85. The company had a trading volume of 16,459 shares, compared to its average volume of 21,969. The business has a 50-day moving average of $222.98 and a two-hundred day moving average of $212.57. Bombardier has a 1 year low of $135.68 and a 1 year high of $269.94. The company has a market cap of $22.10 billion and a P/E ratio of 23.61.

Analyst Upgrades and Downgrades

Several analysts have commented on BDRBF shares. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. National Bank Financial raised shares of Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. Scotiabank restated an “outperform” rating on shares of Bombardier in a report on Thursday, October 15th. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Finally, Zacks Research downgraded shares of Bombardier from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” 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 aircraft include the Challenger and Global families, which serve corporate, government and private customers around the world.

The company also provides services throughout an aircraft’s life cycle, including maintenance, repairs, modifications, parts, training and customer support. Bombardier operates a global network of service centres and support facilities to serve its international customer base.

Founded in 1942 by Joseph-Armand Bombardier, the company initially became known for snowmobiles and later expanded into rail transportation and aerospace.