BlackBerry Ltd (BB) Expected to Earn FY2019 Earnings of $0.05 Per Share

BlackBerry Ltd (NYSE:BB) – Equities research analysts at William Blair raised their FY2019 earnings estimates for BlackBerry in a research report issued on Wednesday. William Blair analyst A. Doradla now forecasts that the company will post earnings of $0.05 per share for the year, up from their prior estimate of $0.03.

Other equities analysts also recently issued reports about the stock. Scotiabank restated an “outperform” rating and set a $13.50 target price on shares of BlackBerry in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a report on Tuesday, November 28th. Royal Bank of Canada raised their target price on shares of BlackBerry from $9.50 to $10.50 and gave the company a “sector perform” rating in a report on Friday, September 29th. Vetr downgraded shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $10.20 target price for the company. in a report on Tuesday, September 26th. Finally, Bank of America raised their target price on shares of BlackBerry from $7.50 to $8.00 and gave the company an “underperform” rating in a report on Friday, September 22nd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. BlackBerry currently has a consensus rating of “Hold” and an average price target of $10.14.

Shares of BlackBerry (NYSE BB) traded down $0.20 on Friday, hitting $11.60. 4,821,673 shares of the stock were exchanged, compared to its average volume of 6,216,869. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.19 and a quick ratio of 5.17. The stock has a market cap of $6,450.10, a P/E ratio of 21.48 and a beta of 1.09. BlackBerry has a 1-year low of $6.65 and a 1-year high of $12.36.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.49). The company had revenue of $235.00 million during the quarter, compared to analysts’ expectations of $216.70 million. BlackBerry had a net margin of 37.36% and a return on equity of 3.69%. The business’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS.

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About BlackBerry

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

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