Wall Street analysts predict that Banco Bradesco SA (NYSE:BBD) will post $0.20 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Banco Bradesco’s earnings. Banco Bradesco posted earnings per share of $0.23 during the same quarter last year, which indicates a negative year over year growth rate of 13%. The business is expected to report its next earnings results on Thursday, January 31st.
On average, analysts expect that Banco Bradesco will report full year earnings of $0.88 per share for the current financial year, with EPS estimates ranging from $0.86 to $0.90. For the next financial year, analysts expect that the company will report earnings of $0.95 per share, with EPS estimates ranging from $0.94 to $0.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Banco Bradesco.
Get Banco Bradesco alerts:Banco Bradesco (NYSE:BBD) last issued its quarterly earnings data on Thursday, November 1st. The bank reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Banco Bradesco had a return on equity of 17.38% and a net margin of 14.27%. The company had revenue of $8.44 billion during the quarter.
A number of equities research analysts have recently issued reports on BBD shares. ValuEngine upgraded Banco Bradesco from a “sell” rating to a “hold” rating in a report on Monday, October 8th. HSBC cut Banco Bradesco from a “hold” rating to a “reduce” rating in a report on Tuesday, December 11th. Zacks Investment Research upgraded Banco Bradesco from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Morgan Stanley upgraded Banco Bradesco from an “underweight” rating to an “equal weight” rating in a report on Friday, November 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.00.
Shares of NYSE:BBD traded down $0.20 during trading on Friday, reaching $12.22. 15,750,522 shares of the stock were exchanged, compared to its average volume of 11,834,558. Banco Bradesco has a 12 month low of $6.49 and a 12 month high of $12.56. The stock has a market cap of $83.13 billion, a PE ratio of 13.73, a P/E/G ratio of 0.70 and a beta of 1.14.
The company also recently disclosed a special dividend, which will be paid on Friday, March 8th. Stockholders of record on Tuesday, February 5th will be issued a dividend of $0.005 per share. The ex-dividend date is Monday, February 4th. This is a boost from Banco Bradesco’s previous special dividend of $0.00. Banco Bradesco’s payout ratio is currently 5.62%.
Large investors have recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of Banco Bradesco by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 34,802,005 shares of the bank’s stock valued at $344,192,000 after buying an additional 573,350 shares during the period. Franklin Resources Inc. boosted its stake in shares of Banco Bradesco by 0.6% in the third quarter. Franklin Resources Inc. now owns 22,674,736 shares of the bank’s stock valued at $160,554,000 after buying an additional 128,200 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Banco Bradesco by 13.5% in the third quarter. Baillie Gifford & Co. now owns 19,879,283 shares of the bank’s stock valued at $140,745,000 after buying an additional 2,369,981 shares during the period. Capital Growth Management LP boosted its stake in shares of Banco Bradesco by 66.2% in the third quarter. Capital Growth Management LP now owns 14,915,000 shares of the bank’s stock valued at $105,598,000 after buying an additional 5,940,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Banco Bradesco by 18.0% in the third quarter. Dimensional Fund Advisors LP now owns 14,856,853 shares of the bank’s stock valued at $105,234,000 after buying an additional 2,266,554 shares during the period. Institutional investors own 3.25% of the company’s stock.
Banco Bradesco Company Profile
Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.
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