BlackBerry (BB) to Release Earnings on Thursday

BlackBerry (NYSE:BB) will be releasing its earnings data after the market closes on Thursday, September 26th. Analysts expect BlackBerry to post earnings of ($0.03) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Wednesday, June 26th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. BlackBerry had a negative net margin of 25.80% and a negative return on equity of 6.43%. The firm had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $132.05 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company’s revenue was down 61.4% compared to the same quarter last year. On average, analysts expect BlackBerry to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

BlackBerry Trading Down 1.7 %

NYSE:BB opened at $2.38 on Thursday. BlackBerry has a 52 week low of $2.01 and a 52 week high of $5.25. The firm has a 50 day moving average of $2.36 and a 200 day moving average of $2.61. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -8.21 and a beta of 1.39.

Insider Buying and Selling

In other BlackBerry news, insider Mattias Eriksson sold 52,549 shares of BlackBerry stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $2.45, for a total transaction of $128,745.05. Following the completion of the sale, the insider now directly owns 214,440 shares in the company, valued at $525,378. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BB. Cibc World Mkts upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Canaccord Genuity Group cut their price objective on shares of BlackBerry from $3.25 to $2.70 and set a “hold” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 price objective on shares of BlackBerry in a research note on Thursday, June 27th. Raymond James lowered their price target on shares of BlackBerry from $5.50 to $4.75 and set a “market perform” rating on the stock in a report on Friday, June 28th. Finally, TD Securities lowered their price target on shares of BlackBerry from $3.00 to $2.75 and set a “hold” rating on the stock in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.20.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.