Bridgestone (OTCMKTS:BRDCY) Updates FY 2022 Earnings Guidance

Bridgestone (OTCMKTS:BRDCYGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.42-$3.42 for the period. The company issued revenue guidance of $31.42 billion-$31.42 billion.

BRDCY opened at $19.66 on Wednesday. The company has a market cap of $28.29 billion, a price-to-earnings ratio of 152.46, a price-to-earnings-growth ratio of 0.26 and a beta of 0.35. Bridgestone has a fifty-two week low of $17.24 and a fifty-two week high of $24.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.24 and a quick ratio of 1.62. The firm has a 50 day simple moving average of $18.72 and a 200 day simple moving average of $20.32.

A number of research firms have recently weighed in on BRDCY. Zacks Investment Research upgraded shares of Bridgestone from a sell rating to a hold rating in a research note on Tuesday, May 3rd. The Goldman Sachs Group raised shares of Bridgestone from a neutral rating to a buy rating in a report on Tuesday, April 12th.

Bridgestone Company Profile (Get Rating)

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. It operates through two segments, Tires and Diversified Products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles, scooters, etc.; automotive parts; retreading materials and services; automotive maintenance and repair services; tire raw materials; and other tire-related products.

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