Bombardier (OTCMKTS:BDRBF) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Bombardier (OTCMKTS:BDRBF) released its quarterly earnings data on Thursday. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.11, Zacks reports. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%.

Bombardier Stock Performance

Shares of BDRBF traded down $19.99 during mid-day trading on Thursday, hitting $224.51. 30,975 shares of the company’s stock were exchanged, compared to its average volume of 27,146. The firm has a fifty day moving average of $223.21 and a two-hundred day moving average of $212.42. Bombardier has a twelve month low of $134.35 and a twelve month high of $269.94.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BDRBF shares. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. National Bank Financial raised Bombardier from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 15th. Finally, Zacks Research cut Bombardier from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $263.00.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.

Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.