BlackBerry Ltd (NYSE:BB) – Equities researchers at Pi Financial dropped their Q4 2021 earnings per share estimates for shares of BlackBerry in a research report issued to clients and investors on Thursday, June 25th. Pi Financial analyst G. Papageorgiou now anticipates that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.07. Pi Financial has a “Neutral” rating on the stock.
Other analysts also recently issued research reports about the stock. Royal Bank of Canada reissued a “hold” rating and set a $5.00 target price on shares of BlackBerry in a research report on Sunday, March 29th. Canaccord Genuity reissued a “hold” rating and set a $6.00 target price (down previously from $7.00) on shares of BlackBerry in a research report on Wednesday, April 1st. TD Securities downgraded shares of BlackBerry from a “buy” rating to a “hold” rating and dropped their target price for the stock from $8.00 to $5.00 in a research report on Wednesday, April 1st. TheStreet downgraded shares of BlackBerry from a “c-” rating to a “d” rating in a research report on Tuesday, March 31st. Finally, ValuEngine raised shares of BlackBerry from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Twelve investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $5.86.
Shares of BB stock opened at $4.80 on Monday. The firm has a market cap of $2.62 billion, a P/E ratio of -3.48 and a beta of 1.53. BlackBerry has a 1-year low of $2.70 and a 1-year high of $7.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day simple moving average is $4.88 and its 200-day simple moving average is $5.12.
BlackBerry (NYSE:BB) last announced its quarterly earnings data on Wednesday, June 24th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The business had revenue of $214.00 million for the quarter, compared to analyst estimates of $215.58 million. BlackBerry had a negative net margin of 75.38% and a positive return on equity of 0.82%. The company’s revenue was down 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS.
In other news, Director Barbara Stymiest acquired 10,000 shares of BlackBerry stock in a transaction that occurred on Friday, April 3rd. The shares were purchased at an average cost of $3.61 per share, for a total transaction of $36,100.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $36,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.56% of the company’s stock.
A number of hedge funds have recently bought and sold shares of BB. Amundi Pioneer Asset Management Inc. lifted its stake in BlackBerry by 38.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 190,644 shares of the company’s stock valued at $1,924,000 after buying an additional 52,976 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in BlackBerry by 1.7% in the fourth quarter. Pictet Asset Management Ltd. now owns 219,037 shares of the company’s stock valued at $1,410,000 after buying an additional 3,700 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in BlackBerry by 4.6% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,943,000 shares of the company’s stock valued at $12,494,000 after buying an additional 85,800 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in BlackBerry in the fourth quarter valued at $48,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in BlackBerry by 38.5% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 478,164 shares of the company’s stock valued at $3,075,000 after buying an additional 133,038 shares during the last quarter. Institutional investors own 47.73% of the company’s stock.
BlackBerry Company Profile
BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.
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