BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) – Imperial Capital boosted their Q1 2018 earnings per share (EPS) estimates for BlackBerry in a research note issued on Monday, Zacks Investment Research reports. Imperial Capital analyst M. Kim now anticipates that the smartphone producer will earn ($0.03) per share for the quarter, up from their prior forecast of ($0.04). Imperial Capital has a “In-Line” rating and a $8.25 price objective on the stock. Imperial Capital also issued estimates for BlackBerry’s FY2018 earnings at ($0.07) EPS.
BlackBerry (NASDAQ:BBRY) last issued its quarterly earnings data on Friday, March 31st. The smartphone producer reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.08. The business earned $297 million during the quarter, compared to analysts’ expectations of $288.45 million. BlackBerry had a negative return on equity of 3.62% and a negative net margin of 93.19%. The company’s revenue for the quarter was down 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. WARNING: This story was published by BBNS and is owned by of BBNS. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://baseballnewssource.com/markets/q1-2018-earnings-estimate-for-blackberry-ltd-issued-by-imperial-capital-bbry-updated/580573.html.
Other equities research analysts also recently issued reports about the stock. BMO Capital Markets lifted their price target on shares of BlackBerry from $8.00 to $9.00 and gave the company a “market perform” rating in a research report on Monday. MKM Partners reiterated a “neutral” rating and set a $8.00 price target on shares of BlackBerry in a research report on Friday, December 23rd. Zacks Investment Research downgraded shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 7th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of BlackBerry in a research report on Wednesday, April 12th. Finally, Canaccord Genuity reissued a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a research note on Friday, March 31st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. BlackBerry currently has an average rating of “Hold” and a consensus target price of $8.63.
Shares of BlackBerry (NASDAQ:BBRY) remained flat at $9.10 during trading on Thursday. 7,576,364 shares of the stock traded hands. BlackBerry has a 1-year low of $6.23 and a 1-year high of $9.19. The stock’s market cap is $4.83 billion. The stock’s 50-day moving average is $7.50 and its 200-day moving average is $7.37.
A number of institutional investors have recently modified their holdings of the company. Guardian Capital LP bought a new stake in BlackBerry during the fourth quarter valued at approximately $100,000. Palo Capital Inc. bought a new stake in BlackBerry during the third quarter valued at approximately $136,000. State Street Corp increased its stake in BlackBerry by 4.3% in the fourth quarter. State Street Corp now owns 26,952 shares of the smartphone producer’s stock valued at $186,000 after buying an additional 1,100 shares during the period. Two Sigma Securities LLC bought a new stake in BlackBerry during the third quarter valued at approximately $192,000. Finally, First Allied Advisory Services Inc. increased its stake in BlackBerry by 9.4% in the fourth quarter. First Allied Advisory Services Inc. now owns 29,020 shares of the smartphone producer’s stock valued at $200,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 62.41% of the company’s stock.
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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