FY2018 EPS Estimates for BlackBerry Ltd Boosted by Analyst (BB)
BlackBerry Ltd (TSE:BB) (NASDAQ:BBRY) – Analysts at Imperial Capital increased their FY2018 earnings per share (EPS) estimates for shares of BlackBerry in a research note issued to investors on Monday. Imperial Capital analyst M. Kim now expects that the company will earn ($0.05) per share for the year, up from their previous forecast of ($0.12). Imperial Capital also issued estimates for BlackBerry’s Q4 2018 earnings at ($0.03) EPS and FY2019 earnings at ($0.08) EPS.
A number of other research firms also recently issued reports on BB. Scotiabank boosted their price objective on shares of BlackBerry to C$14.50 and gave the company an “outperform” rating in a report on Monday, June 26th. Royal Bank Of Canada boosted their price objective on shares of BlackBerry to C$13.00 and gave the company a “sector perform” rating in a report on Friday, September 29th. TD Securities boosted their price objective on shares of BlackBerry to C$15.00 and gave the company a “buy” rating in a report on Friday, September 29th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$10.00 price objective on shares of BlackBerry in a report on Monday, June 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. BlackBerry presently has an average rating of “Hold” and a consensus price target of C$13.20.
BlackBerry (BB) traded up 0.65% on Thursday, reaching $13.91. 1,147,985 shares of the company traded hands. BlackBerry has a 52-week low of $8.98 and a 52-week high of $15.82. The stock has a 50-day moving average price of $11.61 and a 200-day moving average price of $12.32. The firm has a market cap of $7.37 billion and a P/E ratio of 14.38.
In other news, insider Martin James Beard bought 8,999 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was bought at an average cost of C$11.15 per share, for a total transaction of C$100,338.85. Also, insider Sandeep Chennakeshu sold 199,104 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of C$8.56, for a total transaction of C$1,704,330.24. Insiders sold a total of 651,515 shares of company stock valued at $6,102,395 over the last 90 days.
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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