Brokerages Expect Banco Bradesco SA (BBD) Will Announce Earnings of $0.19 Per Share

Wall Street brokerages expect that Banco Bradesco SA (NYSE:BBD) will report earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Banco Bradesco’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.17. Banco Bradesco reported earnings of $0.23 per share in the same quarter last year, which would indicate a negative year over year growth rate of 17.4%. The firm is scheduled to announce its next earnings report on Thursday, February 7th.

According to Zacks, analysts expect that Banco Bradesco will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.82. For the next year, analysts anticipate that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Banco Bradesco.

Several research analysts have issued reports on the company. ValuEngine cut Banco Bradesco from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Morgan Stanley upgraded Banco Bradesco from an “underweight” rating to an “equal weight” rating in a research report on Friday. Zacks Investment Research cut Banco Bradesco from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Santander upgraded Banco Bradesco from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $8.00.

Several hedge funds have recently made changes to their positions in the company. Wetherby Asset Management Inc. increased its position in shares of Banco Bradesco by 9.9% in the third quarter. Wetherby Asset Management Inc. now owns 74,862 shares of the bank’s stock valued at $530,000 after buying an additional 6,754 shares in the last quarter. Signaturefd LLC increased its position in shares of Banco Bradesco by 50.7% in the second quarter. Signaturefd LLC now owns 20,573 shares of the bank’s stock valued at $141,000 after buying an additional 6,925 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Banco Bradesco by 14.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,677 shares of the bank’s stock valued at $396,000 after buying an additional 7,061 shares in the last quarter. Comerica Bank increased its position in shares of Banco Bradesco by 5.7% in the third quarter. Comerica Bank now owns 195,932 shares of the bank’s stock valued at $1,761,000 after buying an additional 10,531 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Banco Bradesco by 20.4% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 83,917 shares of the bank’s stock valued at $576,000 after buying an additional 14,191 shares in the last quarter. Institutional investors and hedge funds own 3.14% of the company’s stock.

NYSE:BBD traded up $0.09 during trading hours on Friday, hitting $9.49. The company’s stock had a trading volume of 17,162,566 shares, compared to its average volume of 12,307,371. The stock has a market capitalization of $65.26 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.13 and a current ratio of 1.12. Banco Bradesco has a 52-week low of $6.49 and a 52-week high of $13.18.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 6th will be given a $0.0051 dividend. This represents a $0.06 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, November 5th. Banco Bradesco’s payout ratio is 5.62%.

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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