BB Seguridade Participações (OTCMKTS:BBSEY) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

BB Seguridade Participações (OTCMKTS:BBSEY) posted its quarterly earnings data on Monday. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03, Yahoo Finance reports. The firm had revenue of $474.21 million for the quarter. BB Seguridade Participações had a return on equity of 78.54% and a net margin of 85.25%.

BB Seguridade Participações Stock Performance

Shares of BBSEY traded down $0.08 during mid-day trading on Thursday, hitting $6.01. 11,699 shares of the stock were exchanged, compared to its average volume of 75,074. The firm has a 50-day moving average of $6.25 and a two-hundred day moving average of $6.25. BB Seguridade Participações has a 52-week low of $5.73 and a 52-week high of $7.67. The company has a market cap of $12.02 billion, a PE ratio of 6.90, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00.

BB Seguridade Participações Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.2127 per share. This represents a yield of 3.16%. The ex-dividend date was Monday, August 19th. BB Seguridade Participações’s dividend payout ratio is presently 50.59%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th.

About BB Seguridade Participações

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.