Itaú Unibanco (ITUB) Scheduled to Post Earnings on Monday

Itaú Unibanco (NYSE:ITUB) is set to post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect Itaú Unibanco to post earnings of $0.20 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Monday, February 5th. The bank reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $8.05 billion. Itaú Unibanco had a return on equity of 17.76% and a net margin of 10.48%. 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 Performance

Shares of Itaú Unibanco stock opened at $6.34 on Friday. The business has a fifty day simple moving average of $6.61 and a two-hundred day simple moving average of $6.48. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.59 and a quick ratio of 1.58. Itaú Unibanco has a 12 month low of $4.85 and a 12 month high of $7.27.

Itaú Unibanco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 10th. Investors of record on Friday, May 3rd will be given a dividend of $0.003 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.57%. Itaú Unibanco’s dividend payout ratio (DPR) is currently 5.88%.

Analyst Upgrades and Downgrades

ITUB has been the subject of a number of analyst reports. Bank of America raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Tuesday, January 16th. HSBC lowered Itaú Unibanco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th.

About Itaú Unibanco

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.