Equities analysts expect that Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) will post earnings per share (EPS) of ($0.05) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Ballard Power Systems’ earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at ($0.04). Ballard Power Systems posted earnings per share of ($0.03) in the same quarter last year, which suggests a negative year over year growth rate of 66.7%. The company is scheduled to issue its next earnings results on Wednesday, July 29th.
On average, analysts expect that Ballard Power Systems will report full year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.19) to ($0.16). For the next year, analysts expect that the firm will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.15) to ($0.01). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Ballard Power Systems.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Ballard Power Systems had a negative return on equity of 15.28% and a negative net margin of 35.47%. The firm had revenue of $24.00 million for the quarter, compared to the consensus estimate of $26.00 million.
BLDP traded up $0.47 during trading on Thursday, reaching $11.95. The company had a trading volume of 3,155,316 shares, compared to its average volume of 3,408,889. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.43 and a quick ratio of 3.89. Ballard Power Systems has a 12 month low of $3.44 and a 12 month high of $14.20. The business’s fifty day moving average price is $10.05 and its 200 day moving average price is $9.02. The company has a market cap of $2.67 billion, a P/E ratio of -70.26 and a beta of 1.57.
Several hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its position in shares of Ballard Power Systems by 46.8% in the first quarter. Morgan Stanley now owns 2,575,291 shares of the technology company’s stock worth $19,598,000 after purchasing an additional 820,608 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Ballard Power Systems in the first quarter worth $157,000. Voloridge Investment Management LLC bought a new stake in shares of Ballard Power Systems in the first quarter worth $903,000. Advisor Group Holdings Inc. bought a new stake in shares of Ballard Power Systems in the first quarter worth $275,000. Finally, Paloma Partners Management Co increased its holdings in Ballard Power Systems by 37.9% during the first quarter. Paloma Partners Management Co now owns 31,619 shares of the technology company’s stock worth $240,000 after buying an additional 8,691 shares during the last quarter. 6.60% of the stock is currently owned by institutional investors and hedge funds.
Ballard Power Systems Company Profile
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane fuel cell products worldwide. The company offers heavy duty modules, fuel cell stacks, backup power systems, and portable power/ unmanned aerial vehicles, and material handling products.
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