Banco Do Brasil (OTCMKTS:BDORY) Posts Earnings Results

Banco Do Brasil (OTCMKTS:BDORY) released its earnings results on Wednesday. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06, Zacks reports. Banco Do Brasil had a return on equity of 11.21% and a net margin of 3.76%.The business had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $7.41 billion.

Banco Do Brasil Trading Down 4.2%

Shares of BDORY traded down $0.21 during midday trading on Friday, reaching $4.75. The company had a trading volume of 171,760 shares, compared to its average volume of 525,738. Banco Do Brasil has a 1-year low of $3.35 and a 1-year high of $5.51. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.97. The firm has a 50 day simple moving average of $4.27 and a 200-day simple moving average of $4.09. The stock has a market cap of $27.22 billion, a PE ratio of 11.05 and a beta of 0.39.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup lowered Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Zacks Research raised shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.