Bombardier (OTCMKTS:BDRBF) Announces Quarterly Earnings Results

Bombardier (OTCMKTS:BDRBF) announced its earnings results on Thursday. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.32 by $1.18, Zacks reports. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.

Bombardier Stock Performance

OTCMKTS:BDRBF traded down $21.89 on Thursday, reaching $232.35. The company’s stock had a trading volume of 5,695 shares, compared to its average volume of 22,087. Bombardier has a 1-year low of $103.87 and a 1-year high of $269.94. The business’s 50-day moving average price is $230.28 and its two-hundred day moving average price is $202.31. The firm has a market cap of $22.92 billion and a PE ratio of 35.15.

Analyst Ratings Changes

A number of equities research analysts have commented on BDRBF shares. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. TD Securities reiterated a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Bombardier in a research note on Friday, May 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bombardier has a consensus rating of “Hold” and a consensus price target 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.