BlackBerry Ltd (BB) Expected to Earn FY2019 Earnings of $0.05 Per Share

BlackBerry Ltd (NYSE:BB) – Equities researchers at William Blair boosted their FY2019 earnings per share estimates for shares of BlackBerry in a research note issued to investors on Wednesday, Zacks Investment Research reports. William Blair analyst A. Doradla now expects that the company will post earnings of $0.05 per share for the year, up from their previous estimate of $0.03.

BB has been the topic of several other reports. Vetr cut shares of BlackBerry from a “sell” rating to a “strong sell” rating and set a $10.12 target price on the stock. in a research report on Wednesday, October 11th. Canaccord Genuity raised their target price on shares of BlackBerry from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of BlackBerry from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, November 14th. Scotiabank reaffirmed an “outperform” rating and set a $13.50 price target on shares of BlackBerry in a research report on Thursday, September 21st. Finally, Bank of America lifted their price target on shares of BlackBerry from $7.50 to $8.00 and gave the company an “underperform” rating in a research report on Friday, September 22nd. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. BlackBerry currently has an average rating of “Hold” and an average price target of $10.48.

Shares of BlackBerry (NYSE BB) opened at $13.65 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.26 and a quick ratio of 4.26. BlackBerry has a 12-month low of $6.65 and a 12-month high of $14.55. The stock has a market cap of $7,320.00, a P/E ratio of 20.68 and a beta of 1.09.

BlackBerry (NYSE:BB) last released its earnings results on Wednesday, December 20th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.49). BlackBerry had a return on equity of 3.70% and a net margin of 37.36%. The company had revenue of $235.00 million during the quarter, compared to analyst estimates of $216.70 million. During the same period in the prior year, the business posted $0.02 earnings per share. BlackBerry’s revenue was down 21.9% on a year-over-year basis.

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About BlackBerry

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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