Analysts expect Ballard Power Systems Inc (NASDAQ:BLDP) (TSE:BLD) to post $20.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Ballard Power Systems’ earnings, with the highest sales estimate coming in at $21.00 million and the lowest estimate coming in at $20.80 million. Ballard Power Systems reported sales of $20.10 million in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is expected to issue its next earnings results after the market closes on Wednesday, May 1st.
On average, analysts expect that Ballard Power Systems will report full-year sales of $97.60 million for the current year, with estimates ranging from $95.50 million to $99.70 million. For the next fiscal year, analysts anticipate that the firm will post sales of $136.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Ballard Power Systems.
Ballard Power Systems (NASDAQ:BLDP) (TSE:BLD) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.04). Ballard Power Systems had a negative return on equity of 15.06% and a negative net margin of 28.30%. The firm had revenue of $28.50 million during the quarter, compared to analyst estimates of $23.50 million.
Several analysts have recently issued reports on BLDP shares. Zacks Investment Research raised Ballard Power Systems from a “sell” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Monday, January 7th. BidaskClub raised Ballard Power Systems from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Finally, TheStreet raised Ballard Power Systems from a “d” rating to a “c-” rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Ballard Power Systems presently has an average rating of “Hold” and a consensus target price of $3.45.
BLDP traded up $0.01 during trading hours on Friday, reaching $3.39. The company’s stock had a trading volume of 12,057 shares, compared to its average volume of 622,281. Ballard Power Systems has a 52 week low of $2.25 and a 52 week high of $4.62. The company has a current ratio of 5.48, a quick ratio of 4.87 and a debt-to-equity ratio of 0.02. The stock has a market cap of $788.56 million, a PE ratio of -25.92 and a beta of 2.16.
Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC raised its position in Ballard Power Systems by 324.2% in the third quarter. Virtu Financial LLC now owns 46,846 shares of the technology company’s stock valued at $231,000 after purchasing an additional 35,802 shares during the last quarter. GSA Capital Partners LLP bought a new position in Ballard Power Systems in the third quarter valued at about $325,000. HRT Financial LLC bought a new position in Ballard Power Systems in the third quarter valued at about $132,000. Lombard Odier Asset Management USA Corp bought a new position in Ballard Power Systems in the third quarter valued at about $215,000. Finally, Morgan Stanley raised its position in Ballard Power Systems by 37.4% in the third quarter. Morgan Stanley now owns 780,867 shares of the technology company’s stock valued at $3,356,000 after purchasing an additional 212,364 shares during the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.
About Ballard Power Systems
Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products worldwide. The company provides motive power products, including FCveloCity-9SSL and FCveloCity-1020ACS fuel cell stacks, as well as FCveloCity modules for material handling, bus, commercial vehicle, and light rail applications.
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