Zacks: Brokerages Expect Banco Bradesco S.A. (NYSE:BBD) Will Post Earnings of $0.13 Per Share

Equities research analysts expect that Banco Bradesco S.A. (NYSE:BBDGet Rating) will post earnings per share of $0.13 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Banco Bradesco’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.14. Banco Bradesco reported earnings of $0.12 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Banco Bradesco will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.57. For the next year, analysts anticipate that the firm will report earnings of $0.57 per share, with EPS estimates ranging from $0.54 to $0.64. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Banco Bradesco.

Banco Bradesco (NYSE:BBDGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Banco Bradesco had a return on equity of 17.91% and a net margin of 19.74%. The company had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.08 billion.

Several research firms have recently issued reports on BBD. Barclays began coverage on Banco Bradesco in a research note on Monday, January 24th. They issued an “overweight” rating and a $4.55 price objective for the company. Zacks Investment Research raised Banco Bradesco from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Friday.

A number of large investors have recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new position in shares of Banco Bradesco during the 1st quarter worth approximately $610,000. GQG Partners LLC bought a new position in shares of Banco Bradesco during the 1st quarter worth approximately $852,000. Chiron Investment Management LLC bought a new position in shares of Banco Bradesco during the 1st quarter worth approximately $560,000. Prudential Financial Inc. bought a new position in shares of Banco Bradesco during the 1st quarter worth approximately $57,000. Finally, Federated Hermes Inc. bought a new position in shares of Banco Bradesco during the 1st quarter worth approximately $470,000. 2.25% of the stock is owned by institutional investors and hedge funds.

Banco Bradesco stock opened at $3.78 on Friday. The business has a 50 day moving average of $3.89 and a 200-day moving average of $3.57. Banco Bradesco has a 1 year low of $2.95 and a 1 year high of $5.18. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.56 and a quick ratio of 1.44. The company has a market capitalization of $40.41 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.41 and a beta of 0.92.

The company also recently announced a monthly dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, June 3rd will be given a dividend of $0.0037 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, June 2nd. This is an increase from Banco Bradesco’s previous monthly dividend of $0.00. Banco Bradesco’s dividend payout ratio is currently 10.19%.

About Banco Bradesco (Get Rating)

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services.

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