Bridgestone (BRDCY) Projected to Post Quarterly Earnings on Thursday

Bridgestone (OTCMKTS:BRDCY) is expected to be posting its results after the market closes on Thursday, November 12th. Analysts expect the company to announce earnings of $0.2499 per share and revenue of $7.51 billion for the quarter.

Bridgestone Stock Performance

Shares of OTCMKTS:BRDCY opened at $13.23 on Wednesday. The business’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $11.51. Bridgestone has a 1 year low of $9.15 and a 1 year high of $13.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.92.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BRDCY. Sanford C. Bernstein cut Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Zacks Research lowered Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Bridgestone

Bridgestone Corporation is a Japan-based manufacturer of tires and rubber products. Its offerings include tires for passenger cars, trucks, buses, motorcycles, aircraft, and off-the-road vehicles, as well as related tire and mobility services. Founded in 1931 by Shojiro Ishibashi, the company takes its name from an English translation of its founder’s surname. Bridgestone acquired the U.S. tire maker Firestone in 1988, expanding its operations and product presence in North America. Bridgestone serves customers worldwide through manufacturing, sales, and service operations across multiple regions.