BlackBerry (TSE:BB) Releases Earnings Results

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

BlackBerry Stock Performance

Shares of TSE:BB opened at C$14.62 on Friday. The company has a market capitalization of C$8.57 billion, a price-to-earnings ratio of 162.44, a price-to-earnings-growth ratio of 0.06 and a beta of 1.19. BlackBerry has a 52 week low of C$4.35 and a 52 week high of C$15.17. The company has a quick ratio of 1.49, a current ratio of 2.12 and a debt-to-equity ratio of 2.52. The firm has a 50 day moving average of C$10.22 and a 200 day moving average of C$6.86.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus set a C$12.00 target price on BlackBerry and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$12.00.

About BlackBerry

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.