Bridgestone Corporation is scheduled to announce its quarterly earnings on November 17, prior to the market opening. Analysts anticipate that the company will report earnings of $0.3650 per share, alongside revenue projections of $7.3906 billion for the period.
Current Market Performance
As of Friday, shares of Bridgestone, traded under the ticker symbol OTCMKTS:BRDCY, opened at $23.58. The stock has experienced fluctuations over the past year, with a low of $15.90 and a high of $24.54. Bridgestone currently holds a market capitalization of $32.30 billion. Additional financial metrics reveal a price-to-earnings (P/E) ratio of 17.47, a P/E to growth (P/E/G) ratio of 1.38, and a beta of 0.50. The company’s debt-to-equity ratio stands at 0.17, with a current ratio of 2.51 and a quick ratio of 1.69. The fifty-day moving average price is $22.84, while the 200-day moving average price is $21.76.
Analyst Insights and Ratings
In a recent research note, CLSA upgraded Bridgestone’s stock to a “strong-buy” rating on October 1. This upgrade reflects a positive outlook from analysts, with one rating the stock as a Strong Buy. According to data from MarketBeat, the consensus rating for Bridgestone remains a “Strong Buy,” indicating strong confidence among market analysts regarding the company’s performance.
Bridgestone Corporation specializes in the manufacturing and sale of tires and rubber products. The company’s extensive product range includes tires and tire tubes for various vehicles, including passenger cars, trucks, buses, and motorcycles, as well as raw materials for tire production and automotive maintenance services.
Investors and stakeholders will be closely monitoring the upcoming earnings release for insights into Bridgestone’s financial health and future direction, as the company navigates a competitive landscape in the automotive sector.
