Scotiabank Comments on BlackBerry Ltd’s FY2016 Earnings (BB) Scotiabank Comments on BlackBerry Ltd’s FY2016 Earnings (BB)
Posted by
Taylor Nule on Jan 24th, 2016 //
No Comments BlackBerry Ltd (TSE:BB) – Research analysts at Scotiabank issued their FY2016 earnings per share (EPS) estimates for shares of BlackBerry in a note issued to investors on Wednesday,
Zacks Investment Research reports. Scotiabank analyst P. Steep anticipates that the brokerage will earn ($0.70) per share for the year. Scotiabank has a “Sector Perform” rating on the stock. Scotiabank also issued estimates for BlackBerry’s Q1 2016 earnings at ($0.29) EPS, Q2 2016 earnings at ($0.22) EPS, Q3 2016 earnings at ($0.20) EPS, Q4 2016 earnings at ($0.20) EPS, Q1 2017 earnings at ($0.17) EPS and FY2017 earnings at ($0.80) EPS.
Separately, RBC Capital reissued a “sector perform” rating and set a C$12.65 price target on shares of BlackBerry in a research report on Thursday, January 7th. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of C$10.16.
Shares of BlackBerry (
TSE:BB) opened at 9.93 on Friday. The company has a market cap of $5.22 billion and a P/E ratio of 220.67. The stock’s 50 day moving average is $11.14 and its 200-day moving average is $10.08. BlackBerry has a one year low of $7.99 and a one year high of $14.23.
In other BlackBerry news, insider James Yersh sold 33,570 shares of BlackBerry stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of C$12.59, for a total value of C$422,703.37.
BlackBerry Limited (
TSE:BB) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. The Company’s four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging. The Company’s Devices business is focused on delivering smartphone products. BlackBerry’s Enterprise Services business offers enterprise products and services. The Company’s BTS business consists of five units: QNX Software Systems Limited (QNX), Certicom, Paratek, the BlackBerry Internet of Things (IoT) Platform, and Intellectual Property and Patent Licensing (IPPL). The Company’s Messaging business is engaged in providing BlackBerry Messenger (BBM), the Company’s instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets
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