BB Seguridade Participacoes (OTCMKTS:BBSEY) Posts Quarterly Earnings Results, Hits Estimates

BB Seguridade Participacoes (OTCMKTS:BBSEYGet Free Report) released its earnings results on Monday. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21, Zacks reports. The company had revenue of $471.89 million during the quarter, compared to analysts’ expectations of $529.60 million. BB Seguridade Participacoes had a return on equity of 83.33% and a net margin of 87.73%.

BB Seguridade Participacoes Stock Up 3.5%

BBSEY stock opened at $7.19 on Wednesday. BB Seguridade Participacoes has a fifty-two week low of $5.80 and a fifty-two week high of $8.58. The firm’s 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.69. The stock has a market cap of $13.96 billion, a PE ratio of 8.26 and a beta of 0.38.

Wall Street Analyst Weigh In

BBSEY has been the topic of several research analyst reports. Zacks Research upgraded BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Itau BBA Securities cut BB Seguridade Participacoes to an “underperform” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group cut BB Seguridade Participacoes to a “neutral” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Read Our Latest Analysis on BBSEY

About BB Seguridade Participacoes

(Get Free Report)

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).

Further Reading

Earnings History for BB Seguridade Participacoes (OTCMKTS:BBSEY)

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