Bombardier (BDRBF) Expected to Announce Earnings on Thursday

Bombardier (OTCMKTS:BDRBF) is projected to announce its results before the market opens on Thursday, April 30th. Analysts expect the company to announce earnings of $0.7780 per share and revenue of $1.6376 billion for the quarter.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data on Thursday, February 12th. The company reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $1.42. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.48 billion. Bombardier had a negative return on equity of 43.88% and a net margin of 9.72%. On average, analysts expect Bombardier to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Bombardier Stock Performance

Shares of OTCMKTS BDRBF opened at $175.64 on Tuesday. The firm has a market cap of $17.39 billion and a price-to-earnings ratio of 36.59. The business’s 50-day simple moving average is $185.67 and its 200-day simple moving average is $171.22. Bombardier has a 52 week low of $58.91 and a 52 week high of $206.36.

Analysts Set New Price Targets

A number of research analysts have recently commented on BDRBF shares. Scotiabank lowered Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. TD Securities reissued a “hold” rating on shares of Bombardier in a report on Friday, February 13th. National Bank Financial lowered Bombardier from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 16th. The Goldman Sachs Group lowered Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. Finally, UBS Group reissued a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to 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.