BlackBerry (TSE:BB) Issues Earnings Results

BlackBerry (TSE:BB) (NASDAQ:BBRY) released its earnings results on Thursday. The company reported C$0.06 earnings per share for the quarter, FiscalAI reports. BlackBerry had a net margin of 10.32% and a return on equity of 8.10%. The firm had revenue of C$210.94 million for the quarter.

BlackBerry Stock Up 10.3%

Shares of BlackBerry stock opened at C$16.13 on Friday. The company has a 50-day simple moving average of C$10.43 and a two-hundred day simple moving average of C$6.93. The stock has a market capitalization of C$9.45 billion, a PE ratio of 179.22, 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$16.18. The company has a debt-to-equity ratio of 29.45, a quick ratio of 1.49 and a current ratio of 2.20.

Analysts Set New Price Targets

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

BlackBerry Company Profile

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.