BB Seguridade Participacoes (OTCMKTS:BBSEY) Announces Earnings Results, Beats Expectations By $0.01 EPS

BB Seguridade Participacoes (OTCMKTS:BBSEY) issued its quarterly earnings data on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01, Zacks reports. BB Seguridade Participacoes had a return on equity of 82.49% and a net margin of 88.25%. The company had revenue of $505.31 million for the quarter, compared to the consensus estimate of $498.02 million.

BB Seguridade Participacoes Stock Performance

Shares of BBSEY stock traded down $0.03 during mid-day trading on Thursday, reaching $6.90. 16,144 shares of the company’s stock traded hands, compared to its average volume of 141,009. BB Seguridade Participacoes has a 12 month low of $6.01 and a 12 month high of $8.81. The firm has a 50 day moving average price of $7.94 and a two-hundred day moving average price of $7.43. The firm has a market capitalization of $13.40 billion, a PE ratio of 7.58 and a beta of 0.39.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBSEY. Citigroup cut shares of BB Seguridade Participacoes to a “sell” rating in a report on Friday, September 11th. Zacks Research raised BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.