Itau Unibanco (ITUB) Scheduled to Post Earnings on Monday

Itau Unibanco (NYSE:ITUB) is set to issue its quarterly earnings data before the market opens on Monday, August 3rd. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Itau Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Monday, May 4th. The bank reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Itau Unibanco had a net margin of 12.51% and a return on equity of 17.17%. On average, analysts expect Itau Unibanco to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of ITUB opened at $5.10 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $49.69 billion, a price-to-earnings ratio of 8.50 and a beta of 0.90. The stock has a 50 day moving average of $5.06 and a 200 day moving average of $5.53. Itau Unibanco has a 12 month low of $3.48 and a 12 month high of $9.48.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 11th. Investors of record on Tuesday, August 4th will be given a dividend of $0.0028 per share. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, August 3rd. Itau Unibanco’s payout ratio is 4.23%.

ITUB has been the subject of a number of research analyst reports. Goldman Sachs Group downgraded Itau Unibanco from a “buy” rating to a “neutral” rating in a research report on Monday, June 15th. Zacks Investment Research downgraded Itau Unibanco from a “hold” rating to a “sell” rating and set a $5.50 target price for the company. in a research report on Monday, June 15th. Finally, ValuEngine raised Itau Unibanco from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.75.

About Itau Unibanco

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

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Earnings History for Itau Unibanco (NYSE:ITUB)

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