Banco Bradesco SA (NYSE:BBD) Expected to Post Earnings of $0.13 Per Share


Analysts expect that Banco Bradesco SA (NYSE:BBD – Get Rating) will post $0.13 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have provided estimates for Banco Bradesco’s, with the highest EPS estimate earnings coming in at $0.14 and the lowest estimate coming in at $0.13. Banco Bradesco posted earnings of $0.12 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Banco Bradesco will report full-year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.57. For the next fiscal year, analysts forecast that the business will report of $0.57 per share, earnings with EPS estimates ranging from $0.54 to $0.64. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Banco Bradesco.

Banco Bradesco (NYSE:BBD – Get Rating) last issued its earnings results on Tuesday, February 8th. The bank reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Banco Bradesco had a net margin of 19.74% and a return on equity of 17.91%. The business had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $5.08 billion.

BBD has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Banco Bradesco from a “hold” rating to a “buy” rating and set a $4.00 objective price for the company in a research report on Friday. Barclays initiated coverage on shares of Banco Bradesco in a research report on Monday, January 24th. They set an “overweight” rating and a $4.55 price objective for the company.

Institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its position in shares of Banco Bradesco by 3.4% in the third quarter. UBS Asset Management Americas Inc. Now owns 23,851,794 shares of the bank’s stock valued at $91,352,000 after acquiring an additional 791,553 shares during the period. TT International Asset Management LTD bought a new stake in shares of Banco Bradesco in the third quarter valued at about $58,515,000. Two Sigma Securities LLC boosted its position in shares of Banco Bradesco by 2,699.2% in the third quarter. Two Sigma Securities LLC now owns 484,154 shares of the bank’s stock valued at $1,854,000 after acquiring an additional 466,858 shares during the period. Deprince Race & Zollo Inc. boosted its position in shares of Banco Bradesco by 7.8% in the third quarter. Deprince Race & Zollo Inc. Now owns 1,098,570 shares of the bank’s stock valued at $4,208,000 after acquiring an additional 79,900 shares during the period. Finally, Diversified Trust Co bought a new stake in shares of Banco Bradesco in the fourth quarter valued at about $386,000. 2.25% of the stock is owned by institutional investors.

BBD stock opened at $3.78 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.56 and a quick ratio of 1.44. The company has a fifty day moving average price of $3.89 and a two-hundred day moving average price of $3.57. Banco Bradesco has a one year low of $2.95 and a one year high of $5.18. The stock has a market cap of $40.41 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.41 and a beta of 0.92.

The firm also recently announced a monthly dividend, which will be paid on Friday, July 8th. Stockholders of record on Friday, June 3rd will be given a $0.0037 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, June 2nd. This is a boost from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s payout ratio is presently 10.19%.

Banco Bradesco Company Profile (Get Rating)

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

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