BlackBerry (TSE:BB) Issues Earnings Results

BlackBerry (TSE:BB) (NASDAQ:BBRY) posted its earnings results on Thursday. The company reported C$0.07 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$226.23 million for the quarter. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%.

BlackBerry Stock Up 3.6%

TSE BB opened at C$12.27 on Friday. The company has a 50 day moving average of C$11.59 and a 200-day moving average of C$10.27. The company has a market cap of C$7.19 billion, a price-to-earnings ratio of 122.70, a PEG ratio of 0.06 and a beta of 1.31. The company has a current ratio of 2.20, a quick ratio of 1.49 and a debt-to-equity ratio of 29.45. BlackBerry has a 1-year low of C$4.35 and a 1-year high of C$18.45.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 target price on BlackBerry and gave the company a “buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.00.

Insiders Place Their Bets

In related news, insider Tim Foote sold 16,597 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of C$17.21, for a total transaction of C$285,634.37. Following the completion of the sale, the insider directly owned 68,896 shares in the company, valued at C$1,185,700.16. This represents a 19.41% decrease in their position. Also, insider Philip Simon Kurtz sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of C$15.92, for a total transaction of C$477,600.00. Following the sale, the insider directly owned 95,158 shares of the company’s stock, valued at C$1,514,915.36. This trade represents a 23.97% decrease in their position. Insiders have sold a total of 90,901 shares of company stock valued at $1,473,162 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

About BlackBerry

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.