Bridge Investment Group (BRDG) Set to Announce Quarterly Earnings on Wednesday

Bridge Investment Group (NYSE:BRDG) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect Bridge Investment Group to post earnings of $0.18 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Bridge Investment Group (NYSE:BRDG) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $104.76 million for the quarter, compared to analysts’ expectations of $79.05 million. Bridge Investment Group had a return on equity of 16.35% and a net margin of 0.82%. During the same period in the previous year, the firm posted $0.20 earnings per share. On average, analysts expect Bridge Investment Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bridge Investment Group Price Performance

Shares of Bridge Investment Group stock opened at $10.62 on Tuesday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -96.54 and a beta of 1.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average price of $9.57 and a 200-day moving average price of $8.24. Bridge Investment Group has a one year low of $6.18 and a one year high of $10.99.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BRDG shares. UBS Group boosted their price objective on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their target price on Bridge Investment Group from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, TD Cowen lowered Bridge Investment Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $10.00 to $10.50 in a research note on Monday, October 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.70.

Bridge Investment Group Company Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.