Bridgestone (OTCMKTS:BRDCY) issued its quarterly earnings data on Thursday. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.33 billion. Bridgestone had a net margin of 8.00% and a return on equity of 11.35%.
Shares of Bridgestone stock opened at $19.08 on Friday. The stock has a market cap of $29.06 billion, a PE ratio of 12.13, a PEG ratio of 1.23 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 2.28 and a debt-to-equity ratio of 0.13. Bridgestone has a twelve month low of $17.94 and a twelve month high of $25.08.
Separately, Zacks Investment Research upgraded Bridgestone from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st.
Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products worldwide. The company provides tires and tire tubes for passenger cars, trucks, buses, construction/mining vehicles, industrial machines, agricultural machines, aircraft, and motorcycles and scooters; and tire related products, retread materials and services, tire raw materials, and automotive maintenance and repair services.
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