BlackBerry (BB) to Release Quarterly Earnings on Thursday

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

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

BlackBerry Stock Performance

Shares of NYSE:BB opened at $2.45 on Wednesday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -8.43 and a beta of 1.39. BlackBerry has a 12 month low of $2.01 and a 12 month high of $5.11. The firm’s 50-day moving average is $2.35 and its 200 day moving average is $2.61. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BB. TD Securities decreased their target price on shares of BlackBerry from $3.00 to $2.75 and set a “hold” rating for the company in a research report on Thursday, June 27th. Royal Bank of Canada restated a “sector perform” rating and set a $3.00 price target on shares of BlackBerry in a research note on Thursday, June 27th. 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 target 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. Finally, Canaccord Genuity Group cut their price target 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.20.

Insider Buying and Selling

In related news, insider Mattias Eriksson sold 52,549 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $2.45, for a total transaction of $128,745.05. Following the completion of the transaction, the insider now directly owns 214,440 shares of the company’s stock, valued at approximately $525,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

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.