Banco Bradesco (NYSE:BBD) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Banco Bradesco to post earnings of $0.20 per share for the quarter.
Banco Bradesco (NYSE:BBD) last announced its earnings results on Wednesday, January 30th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Banco Bradesco had a net margin of 15.16% and a return on equity of 17.68%. The company had revenue of $8.91 billion for the quarter. On average, analysts expect Banco Bradesco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:BBD traded up $0.09 during trading hours on Tuesday, hitting $8.96. 201,798 shares of the stock traded hands, compared to its average volume of 16,283,805. Banco Bradesco has a fifty-two week low of $5.41 and a fifty-two week high of $10.46. The company has a market cap of $72.29 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 0.48 and a beta of 1.04.
Several analysts have issued reports on the stock. ValuEngine downgraded shares of Banco Bradesco from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Zacks Investment Research downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Finally, Scotiabank downgraded shares of Banco Bradesco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, February 26th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.00.
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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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