BlackBerry (TSE:BB) Issues Earnings Results

BlackBerry (TSE:BB) (NASDAQ:BBRY) posted its quarterly earnings data on Thursday. The company reported C$0.07 EPS for the quarter, FiscalAI reports. The firm had revenue of C$226.23 million for the quarter. BlackBerry had a return on equity of 8.10% and a net margin of 10.32%.

BlackBerry Price Performance

Shares of BB stock traded up C$0.43 during trading hours on Thursday, reaching C$12.27. The company’s stock had a trading volume of 6,886,175 shares, compared to its average volume of 3,808,759. BlackBerry has a fifty-two week low of C$4.35 and a fifty-two week high of C$18.45. The firm’s 50 day simple moving average is C$11.60 and its 200-day simple moving average is C$10.22. The company has a quick ratio of 1.49, a current ratio of 2.20 and a debt-to-equity ratio of 29.45. The company has a market capitalization of C$7.19 billion, a price-to-earnings ratio of 122.70, a PEG ratio of 0.06 and a beta of 1.31.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 target price on BlackBerry and gave the stock a “buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$12.00.

Insiders Place Their Bets

In other BlackBerry news, insider Philip Simon Kurtz sold 30,000 shares of BlackBerry stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of C$15.92, for a total value of C$477,600.00. Following the transaction, the insider owned 95,158 shares in the company, valued at C$1,514,915.36. The trade was a 23.97% decrease in their ownership of the stock. Also, insider John Joseph Giamatteo sold 28,272 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$435,106.08. Following the transaction, the insider directly owned 937,246 shares of the company’s stock, valued at approximately C$14,424,215.94. The trade was a 2.93% decrease in their position. Insiders sold a total of 90,901 shares of company stock worth $1,473,162 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

BlackBerry Company Profile

BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company’s high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.