Banco Do Brasil (OTCMKTS:BDORY) Issues Earnings Results, Misses Expectations By $0.11 EPS

Banco Do Brasil (OTCMKTS:BDORY) announced its quarterly earnings results on Friday. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11), Zacks reports. Banco Do Brasil had a return on equity of 8.88% and a net margin of 3.14%. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.04 billion.

Banco Do Brasil Stock Down 1.1%

Shares of BDORY stock traded down $0.03 on Friday, hitting $2.76. The stock had a trading volume of 1,624,978 shares, compared to its average volume of 2,332,890. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.52 and a beta of 0.46. The stock’s 50 day moving average is $4.16 and its 200-day moving average is $4.32. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.73. Banco Do Brasil has a 52-week low of $2.70 and a 52-week high of $5.47.

Analyst Upgrades and Downgrades

Several research analysts have commented on BDORY shares. Zacks Research lowered Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Citigroup lowered Banco Do Brasil from a “buy” rating to a “sell” rating in a research report on Tuesday, October 27th. Three investment analysts have rated the stock with a Sell rating. Based on data from MarketBeat, Banco Do Brasil has a consensus rating of “Strong Sell”.

About Banco Do Brasil

Banco do Brasil is a state-controlled Brazilian financial institution founded in 1808. Headquartered in Brasília, it serves individuals, businesses, farmers and public-sector entities across Brazil. The bank offers deposits, loans, credit and debit cards, payment services, foreign exchange and investment products. Its activities also include asset management, insurance, investment banking and services for agribusiness, a key part of its business in Brazil. Banco do Brasil operates an extensive domestic network and maintains an international presence in selected markets, supporting customers and facilitating trade and financial services across borders.