Brokerages expect Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) to report earnings per share (EPS) of ($0.03) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ballard Power Systems’ earnings. Ballard Power Systems also reported earnings per share of ($0.03) in the same quarter last year. The business is scheduled to report its next quarterly earnings results on Wednesday, October 30th.
On average, analysts expect that Ballard Power Systems will report full-year earnings of ($0.13) per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.08) to ($0.04). Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ballard Power Systems.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its earnings results on Wednesday, July 31st. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $23.70 million for the quarter, compared to the consensus estimate of $22.42 million. Ballard Power Systems had a negative net margin of 40.67% and a negative return on equity of 13.15%. The company’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS.
BLDP has been the subject of several research reports. Zacks Investment Research raised Ballard Power Systems from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Wednesday, July 3rd. ValuEngine raised Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 10th. BidaskClub raised Ballard Power Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Roth Capital downgraded Ballard Power Systems from a “neutral” rating to a “sell” rating and set a $3.00 price target for the company. in a report on Monday, July 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Ballard Power Systems has an average rating of “Buy” and an average target price of $3.70.
Shares of BLDP traded up $0.13 during mid-day trading on Thursday, hitting $5.37. 1,432,622 shares of the company’s stock were exchanged, compared to its average volume of 1,308,678. Ballard Power Systems has a 52 week low of $2.25 and a 52 week high of $5.72. The company has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $3.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.40 and a quick ratio of 3.85.
Large investors have recently added to or reduced their stakes in the business. Altshuler Shaham Ltd purchased a new position in shares of Ballard Power Systems in the second quarter valued at about $116,000. Jane Street Group LLC bought a new position in Ballard Power Systems in the second quarter worth approximately $41,000. Toronto Dominion Bank boosted its position in Ballard Power Systems by 87.6% during the 1st quarter. Toronto Dominion Bank now owns 32,737 shares of the technology company’s stock valued at $99,000 after acquiring an additional 15,286 shares in the last quarter. H2O AM LLP bought a new stake in Ballard Power Systems during the 2nd quarter valued at $286,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Ballard Power Systems by 27.8% during the 2nd quarter. Vanguard Group Inc. now owns 97,210 shares of the technology company’s stock valued at $396,000 after purchasing an additional 21,122 shares during the last quarter. 2.97% of the stock is owned by institutional investors and hedge funds.
About Ballard Power Systems
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.
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