Published: Thu, April 13, 2017
Markets | By Terence Owen

BlackBerry Sees Unusually High Options Volume (BBRY)

BlackBerry Sees Unusually High Options Volume (BBRY)

Three analysts have made estimates for BlackBerry's earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.03).

The company's quick ratio for most recent quarter is 2.70. On average, analysts expect that BlackBerry will post $0.03 EPS for the current year. On average, analysts expect that BlackBerry will post $0.03 EPS for the current year.

Analyst recommendation for this stock stands at 3.10.

BlackBerry (NASDAQ:BBRY) last released its quarterly earnings data on Friday, March 31st. The smartphone producer reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The business had revenue of $297 million for the quarter, compared to analyst estimates of $288.45 million. The Return on Investment (ROI) is at -44.5% while it's Return on Equity (ROE) value stands at -54.2%. During the same period in the prior year, the company earned ($0.03) EPS.

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BBRY has received different ratings from analysts, according to FactSet. Global Equities Research started coverage on shares of BlackBerry in a research note on Monday, March 13th. William Blair reaffirmed a "market perform" rating on shares of BlackBerry in a research note on Thursday, April 6th. BlackBerry now has a consensus rating of "Hold" and a consensus target price of $8.37. Analysts have a mean recommendation of 3.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Royal Bank of Canada restated a "hold" rating and issued a $7.50 price target on shares of BlackBerry in a research report on Friday, March 24th.

Yesterday Blackberry (NDAQ:BBRY) traded 15.58% higher at $9.00. Overweight rating was issued by 2 and Underweight rating was suggested by 1 Investors should trade with caution and watch out for further signals.

BlackBerry Limited (BBRY) has a market capitalization of 4.19 Billion. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. For the week, the stock is performing -4.58%. BlackBerry also was the recipient of some unusual options trading activity on Wednesday. The stock's quarterly performance represents pessimistic momentum of -2.21 percent. The last closing price is up 21.41% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period.

Institutional investors have recently bought and sold shares of the company. Hedge funds and other institutional investors own 62.41% of the company's stock. First Allied Advisory Services Inc. now owns 29,020 shares of the smartphone producer's stock valued at $200,000 after buying an additional 2,500 shares in the last quarter. Staley Capital Advisers Inc. raised its position in BlackBerry by 0.4% in the third quarter. State Street Corp now owns 26,952 shares of the smartphone producer's stock valued at $186,000 after buying an additional 1,100 shares in the last quarter. Kahn Brothers Group Inc. Macquarie raised shares of BlackBerry from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $8.10 to $9.00 in a research note on Monday, April 3rd. Can now owns 608,635 shares of the smartphone producer's stock worth $4,843,000 after buying an additional 1,938 shares during the last quarter. Finally, Norges Bank bought a new position in BlackBerry during the fourth quarter worth approximately $24,556,000. The company has market cap of $107.22 million.

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