Bridgestone (OTCMKTS:BRDCY – Get Free Report) will likely be issuing its results after the market closes on Thursday, November 12th. Analysts expect Bridgestone to post earnings of $0.2499 per share and revenue of $7.51 billion for the quarter.
Bridgestone Price Performance
Shares of BRDCY opened at $12.80 on Thursday. The firm’s 50 day simple moving average is $12.39 and its 200 day simple moving average is $11.47. The company has a quick ratio of 1.92, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. Bridgestone has a 1-year low of $9.15 and a 1-year high of $13.64.
Wall Street Analyst Weigh In
Several brokerages have commented on BRDCY. Sanford C. Bernstein lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Zacks Research cut Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Read Our Latest Analysis on Bridgestone
About Bridgestone
Bridgestone Corporation is a Japan-based manufacturer of tires and rubber-related products. The company develops and sells tires for passenger cars, trucks, buses, motorcycles, aircraft, construction equipment, mining vehicles, agricultural machinery and other specialty applications. Its portfolio also includes retreaded tires and related services designed to support commercial and industrial fleets.
Founded in 1931 by Shojiro Ishibashi, Bridgestone has grown into a global mobility and materials company.
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