Bombardier (OTCMKTS:BDRBF) Releases Earnings Results, Beats Expectations By $1.18 EPS

Bombardier (OTCMKTS:BDRBF) posted its quarterly earnings data on Thursday. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.32 by $1.18, Zacks reports. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.

Bombardier Stock Down 7.2%

BDRBF stock traded down $18.21 during trading on Thursday, reaching $236.03. The company’s stock had a trading volume of 6,680 shares, compared to its average volume of 22,091. Bombardier has a 1 year low of $103.87 and a 1 year high of $269.94. The company has a market capitalization of $23.29 billion and a P/E ratio of 35.71. The company’s fifty day moving average is $230.28 and its 200-day moving average is $202.31.

Analyst Ratings Changes

Several equities analysts recently weighed in on BDRBF shares. Desjardins reiterated a “buy” rating on shares of Bombardier in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Bombardier in a research note on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Friday, May 29th. Finally, Scotiabank restated an “outperform” rating on shares of Bombardier in a research note on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $263.00.

Bombardier Company Profile

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.