Bombardier (OTCMKTS:BDRBF) Posts Earnings Results, Beats Estimates By $1.03 EPS

Bombardier (OTCMKTS:BDRBF) released its quarterly earnings results on Thursday. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $1.03, Zacks reports. Bombardier had a net margin of 9.72% and a negative return on equity of 43.88%.

Bombardier Stock Up 21.4%

OTCMKTS:BDRBF traded up $37.43 during mid-day trading on Thursday, hitting $212.50. 63,449 shares of the stock traded hands, compared to its average volume of 20,164. The business’s 50-day moving average price is $184.98 and its 200 day moving average price is $171.51. The company has a market cap of $21.04 billion and a PE ratio of 44.27. Bombardier has a 12-month low of $58.91 and a 12-month high of $212.50.

Analysts Set New Price Targets

BDRBF has been the topic of a number of recent analyst reports. Scotiabank lowered shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 21st. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, February 13th. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Wednesday, January 21st. UBS Group reissued a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th. Finally, The Goldman Sachs Group lowered shares of Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Bombardier presently has a consensus rating of “Hold” and a consensus target price of $263.00.

Bombardier Company Profile

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.