Itaú Unibanco (ITUB) to Release Quarterly Earnings on Monday

Itaú Unibanco (NYSE:ITUBGet Free Report) will post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Itaú Unibanco to post earnings of $0.19 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Itaú Unibanco (NYSE:ITUBGet Free Report) last posted its quarterly earnings data on Monday, August 7th. The bank reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $8.11 billion during the quarter, compared to analysts’ expectations of $7.74 billion. Itaú Unibanco had a net margin of 10.04% and a return on equity of 17.71%. On average, analysts expect Itaú Unibanco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Itaú Unibanco Stock Up 1.3 %

NYSE:ITUB opened at $5.70 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.74 and a current ratio of 1.74. The company has a fifty day moving average of $5.44 and a two-hundred day moving average of $5.52. Itaú Unibanco has a fifty-two week low of $4.21 and a fifty-two week high of $6.15.

Itaú Unibanco Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 2nd will be given a $0.0035 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Itaú Unibanco’s previous monthly dividend of $0.00. The ex-dividend date is Wednesday, November 1st. Itaú Unibanco’s dividend payout ratio is 4.84%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on shares of Itaú Unibanco in a research report on Monday, October 16th. They issued a “hold” rating and a $6.10 target price for the company.

Get Our Latest Stock Analysis on Itaú Unibanco

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in shares of Itaú Unibanco by 244.7% in the first quarter. Renaissance Technologies LLC now owns 20,872,374 shares of the bank’s stock valued at $119,181,000 after purchasing an additional 14,818,000 shares during the period. BlackRock Inc. boosted its stake in shares of Itaú Unibanco by 41.4% in the first quarter. BlackRock Inc. now owns 37,984,762 shares of the bank’s stock valued at $216,894,000 after purchasing an additional 11,129,486 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Itaú Unibanco by 63.1% in the second quarter. Lazard Asset Management LLC now owns 6,691,525 shares of the bank’s stock valued at $39,479,000 after purchasing an additional 2,588,679 shares during the period. Wellington Management Group LLP purchased a new position in shares of Itaú Unibanco in the first quarter valued at approximately $13,992,000. Finally, UBS Group AG boosted its stake in shares of Itaú Unibanco by 265.1% in the first quarter. UBS Group AG now owns 3,329,674 shares of the bank’s stock valued at $19,013,000 after purchasing an additional 2,417,611 shares during the period.

Itaú Unibanco Company Profile

(Get Free Report)

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.

See Also

Earnings History for Itaú Unibanco (NYSE:ITUB)

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