Bridgestone (OTCMKTS:BRDCY) Trading 7.6% Higher Following Better-Than-Expected Earnings

Shares of Bridgestone Corp. (OTCMKTS:BRDCY) shot up 7.6% on Thursday following a stronger than expected earnings report. The stock traded as high as $11.11 and last traded at $11.11. 8,406 shares changed hands during trading, a decline of 97% from the average session volume of 300,991 shares. The stock had previously closed at $10.33.

The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Bridgestone has set its FY 2026 guidance at 0.860-0.860 EPS.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Smbc Nikko Sec. lowered shares of Bridgestone from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Zacks Research lowered shares of Bridgestone from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Bridgestone Price Performance

The company has a current ratio of 2.55, a quick ratio of 1.76 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $10.51 and its two-hundred day simple moving average is $15.47. The firm has a market cap of $29.59 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.00 and a beta of 0.55.

About Bridgestone

Bridgestone Corporation is a Japanese multinational company principally engaged in the design, manufacture and sale of tires and rubber products. Founded in 1931 by Shojiro Ishibashi and headquartered in Tokyo, the company has grown into one of the world’s largest tire manufacturers, offering products for a broad range of vehicles and applications.

The company’s core offerings include tires for passenger cars, motorcycles, commercial trucks and buses, agricultural and off‑the‑road equipment, and aircraft.