Zacks: Brokerages Anticipate Companhia Brasileira de Distribuição (NYSE:CBD) to Post -$0.05 Earnings Per Share

Wall Street analysts expect Companhia Brasileira de Distribuição (NYSE:CBD) to post ($0.05) earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Companhia Brasileira de Distribuição’s earnings. Companhia Brasileira de Distribuição reported earnings of $0.23 per share during the same quarter last year, which would indicate a negative year over year growth rate of 121.7%. The business is expected to issue its next earnings report on Wednesday, December 1st.

According to Zacks, analysts expect that Companhia Brasileira de Distribuição will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.18 to $1.82. For the next fiscal year, analysts expect that the firm will report earnings of $0.24 per share, with EPS estimates ranging from $0.21 to $0.27. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Companhia Brasileira de Distribuição.

CBD has been the topic of a number of analyst reports. Bank of America cut Companhia Brasileira de Distribuição from a “neutral” rating to an “underperform” rating in a research note on Monday, September 20th. Citigroup cut Companhia Brasileira de Distribuição from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 4th. Finally, Zacks Investment Research raised Companhia Brasileira de Distribuição from a “sell” rating to a “hold” rating and set a $6.00 price objective on the stock in a report on Tuesday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.00.

CBD stock traded up $0.04 during trading on Thursday, reaching $4.15. 359,082 shares of the stock were exchanged, compared to its average volume of 1,610,099. Companhia Brasileira de Distribuição has a 1 year low of $3.14 and a 1 year high of $8.41. The business has a 50 day moving average price of $4.64 and a 200-day moving average price of $5.98. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 2.88, a P/E/G ratio of 0.12 and a beta of 0.91. The company has a current ratio of 1.00, a quick ratio of 0.54 and a debt-to-equity ratio of 0.47.

A number of institutional investors have recently bought and sold shares of CBD. Amundi Pioneer Asset Management Inc. increased its position in Companhia Brasileira de Distribuição by 1.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 342,150 shares of the company’s stock worth $7,966,000 after purchasing an additional 5,300 shares in the last quarter. Northern Trust Corp increased its position in Companhia Brasileira de Distribuição by 10.3% during the 1st quarter. Northern Trust Corp now owns 584,128 shares of the company’s stock worth $3,399,000 after purchasing an additional 54,347 shares in the last quarter. Citigroup Inc. increased its position in Companhia Brasileira de Distribuição by 90.5% during the 1st quarter. Citigroup Inc. now owns 30,585 shares of the company’s stock worth $178,000 after purchasing an additional 14,531 shares in the last quarter. Stifel Financial Corp increased its position in Companhia Brasileira de Distribuição by 77.2% during the 1st quarter. Stifel Financial Corp now owns 27,027 shares of the company’s stock worth $157,000 after purchasing an additional 11,778 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Companhia Brasileira de Distribuição in the 1st quarter valued at about $113,000. Hedge funds and other institutional investors own 4.83% of the company’s stock.

Companhia Brasileira de Distribuição Company Profile

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates though the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.

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