BB Seguridade Participacoes (BBSEY) Expected to Release Quarterly Earnings on Tuesday

BB Seguridade Participacoes (OTCMKTS:BBSEY) will likely be posting its resultson Tuesday, August 4th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $489.0820 million for the quarter.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last released its earnings results on Monday, May 4th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. The business had revenue of $471.89 million for the quarter, compared to analyst estimates of $529.60 million. On average, analysts expect BB Seguridade Participacoes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BB Seguridade Participacoes Stock Up 1.1%

BB Seguridade Participacoes stock traded up $0.09 during trading hours on Tuesday, reaching $8.05. 18,047 shares of the company’s stock were exchanged, compared to its average volume of 151,395. The firm’s 50 day simple moving average is $7.54 and its 200 day simple moving average is $7.15. BB Seguridade Participacoes has a twelve month low of $5.80 and a twelve month high of $8.57. The firm has a market capitalization of $15.62 billion, a PE ratio of 9.25 and a beta of 0.35.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BBSEY shares. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. Zacks Research downgraded shares of BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BB Seguridade Participacoes has an average rating of “Reduce”.

BB Seguridade Participacoes Company Profile

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).