Bombardier (OTCMKTS:BDRBF) Posts Earnings Results, Beats Expectations By $1.18 EPS

Bombardier (OTCMKTS:BDRBF) released its earnings results on Thursday. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.32 by $1.18, Zacks reports. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Bombardier had a negative return on equity of 65.10% and a net margin of 9.74%.

Bombardier Trading Up 2.1%

BDRBF stock traded up $4.95 during trading on Friday, reaching $240.72. 68,628 shares of the stock were exchanged, compared to its average volume of 21,978. The firm’s 50 day moving average is $231.32 and its 200 day moving average is $202.99. The firm has a market cap of $23.75 billion and a P/E ratio of 36.42. Bombardier has a twelve month low of $103.87 and a twelve month high of $269.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Scotiabank restated an “outperform” rating on shares of Bombardier in a research note on Thursday, July 16th. Desjardins reiterated a “buy” rating on shares of Bombardier in a report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research note on Friday. Finally, TD Securities restated a “hold” rating on shares of Bombardier in a research report on Friday. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Bombardier presently has a consensus 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.