Previous close | 13.21 |
Open | 13.55 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 13.55 - 13.55 |
52-week range | 12.85 - 17.75 |
Volume | |
Avg. volume | 286 |
Market cap | 3.7B |
Beta (5Y monthly) | 2.98 |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.37 |
Earnings date | N/A |
Forward dividend & yield | 1.17 (8.58%) |
Ex-dividend date | 12 Jan 2023 |
1y target est | N/A |
(Bloomberg) -- When Eric Martel returned to Bombardier Inc. in the spring of 2020, the company was hardly recognizable from the one he’d left five years earlier.Most Read from BloombergUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg ShortCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeBombardier had just sold its two biggest divisions,
MONTREAL (Reuters) -Business jet maker Bombardier Inc on Thursday raised 2025 revenue and free cash targets at its investor day and said it would produce more planes, despite broader economic headwinds. Corporate jet makers have reported swelling order backlogs on persistent strong demand for private flying in the U.S. But flatter global traffic, supply chain snags and the possibility of a recession remain concerns. Bombardier shares were up about 6.5% in afternoon trading.
A New York state judge on Friday rejected an attempt by Bombardier Inc to dismiss a lawsuit by a group of hedge funds that accused the business jet maker of short-changing them by selling new debt after divesting major businesses in 2020 and 2021. Justice Andrew Borrok of the Manhattan Supreme Court said the hedge funds did not waive their right to declare Bombardier in default on their bonds, part of a $250 million issuance maturing in 2034, when it sold the businesses, including its commercial aircraft program. The hedge funds Antara Capital Master Fund, Corbin ERISA Opportunity Fund and Corbin Opportunity Fund sued Bombardier last January, after the company sold an additional $260 million of the bonds to another investor.