BlackBerry (TSE:BB) Posts Earnings Results

BlackBerry (TSE:BB) (NASDAQ:BBRY) released its quarterly earnings data on Thursday. The company reported C$0.06 EPS for the quarter, FiscalAI reports. BlackBerry had a net margin of 9.70% and a return on equity of 7.27%. The company had revenue of C$210.94 million during the quarter.

BlackBerry Trading Down 2.2%

Shares of BlackBerry stock opened at C$12.26 on Thursday. BlackBerry has a 12-month low of C$4.35 and a 12-month high of C$15.17. The stock has a market capitalization of C$7.19 billion, a P/E ratio of 136.22, a price-to-earnings-growth ratio of 0.06 and a beta of 1.19. The company has a 50-day simple moving average of C$10.04 and a 200 day simple moving average of C$6.80. The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 price objective on BlackBerry and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$12.00.

BlackBerry Company Profile

BlackBerry, once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.