Banco Do Brasil (OTCMKTS:BDORY) Announces Quarterly Earnings Results

Banco Do Brasil (OTCMKTS:BDORY) announced its earnings results on Wednesday. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02), Zacks reports. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $7.84 billion. Banco Do Brasil had a net margin of 3.34% and a return on equity of 9.07%.

Banco Do Brasil Trading Down 3.0%

Shares of OTCMKTS BDORY traded down $0.13 during midday trading on Friday, reaching $4.11. The company had a trading volume of 413,288 shares, compared to its average volume of 515,754. The firm’s fifty day moving average price is $4.67 and its 200-day moving average price is $4.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.71. Banco Do Brasil has a one year low of $3.35 and a one year high of $5.48. The stock has a market cap of $23.57 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.30 and a beta of 0.44.

Analyst Ratings Changes

A number of research analysts have weighed in on BDORY shares. Zacks Research raised Banco Do Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group cut shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

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.