Banco Do Brasil (BDORY) Set to Release Earnings on Wednesday

Banco Do Brasil (OTCMKTS:BDORY) is expected to post its results before the market opens on Wednesday, November 11th. Analysts expect the company to announce earnings of $0.1377 per share and revenue of $8.04 billion for the quarter.

Banco Do Brasil Trading Up 1.5%

Shares of OTCMKTS BDORY traded up $0.04 during midday trading on Wednesday, hitting $3.04. The stock had a trading volume of 37,089 shares, compared to its average volume of 616,895. The company’s 50-day simple moving average is $4.34 and its 200 day simple moving average is $4.37. The firm has a market cap of $17.45 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of 0.58 and a beta of 0.46. Banco Do Brasil has a fifty-two week low of $2.95 and a fifty-two week high of $5.47. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.73 and a quick ratio of 0.93.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Citigroup cut Banco Do Brasil from a “buy” rating to a “sell” rating in a report on Tuesday, October 27th. Three analysts have rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Strong Sell”.

About Banco Do Brasil

Banco do Brasil SA is a Brazilian financial institution that provides banking and financial services to individuals, businesses, farmers, corporations and government entities. The bank offers deposit accounts, consumer and commercial lending, credit and debit cards, payment services, foreign-exchange operations, investment products and other traditional banking services.

The company is also a major provider of financing and banking support for Brazil’s agricultural sector, serving producers, agribusiness companies and rural communities.