Equities analysts expect Banco Bradesco SA (NYSE:BBD) to report earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Banco Bradesco’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.18. Banco Bradesco reported earnings of $0.23 per share in the same quarter last year, which would indicate a negative year over year growth rate of 13%. The company is expected to report its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that Banco Bradesco will report full-year earnings of $0.84 per share for the current financial year. For the next year, analysts forecast that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.81 to $0.86. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Banco Bradesco.
Banco Bradesco (NYSE:BBD) last announced its quarterly earnings data on Thursday, November 1st. The bank reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Banco Bradesco had a net margin of 14.27% and a return on equity of 17.38%. The company had revenue of $8.44 billion for the quarter.
Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Morgan Stanley raised shares of Banco Bradesco from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 9th. Finally, ValuEngine raised shares of Banco Bradesco from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.00.
BBD stock traded down $0.04 during trading on Friday, hitting $9.96. 9,824,198 shares of the stock traded hands, compared to its average volume of 12,716,994. Banco Bradesco has a 1 year low of $6.49 and a 1 year high of $13.18. The company has a market capitalization of $66.67 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.58 and a beta of 1.14. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.13 and a current ratio of 1.11.
The business also recently declared a monthly dividend, which will be paid on Wednesday, January 9th. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.004 per share. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Tuesday, December 4th. Banco Bradesco’s payout ratio is presently 5.62%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in shares of Banco Bradesco during the 3rd quarter valued at about $10,885,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Banco Bradesco during the 3rd quarter valued at about $7,964,000. HRT Financial LLC boosted its holdings in shares of Banco Bradesco by 34.0% during the 3rd quarter. HRT Financial LLC now owns 25,959 shares of the bank’s stock valued at $183,000 after acquiring an additional 6,586 shares during the last quarter. Henry James International Management Inc. purchased a new stake in shares of Banco Bradesco during the 3rd quarter valued at about $103,000. Finally, Man Group plc boosted its holdings in shares of Banco Bradesco by 345.1% during the 3rd quarter. Man Group plc now owns 7,012,059 shares of the bank’s stock valued at $49,645,000 after acquiring an additional 5,436,559 shares during the last quarter. 3.31% of the stock is currently owned by hedge funds and other institutional investors.
About Banco Bradesco
Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.
Further Reading: What are earnings reports?
Get a free copy of the Zacks research report on Banco Bradesco (BBD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com