Banco Do Brasil (BDORY) Expected to Announce Quarterly Earnings on Thursday

Banco Do Brasil (OTCMKTS:BDORY) is expected to be issuing its results before the market opens on Thursday, February 19th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.

Banco Do Brasil (OTCMKTS:BDORY) last issued its earnings results on Wednesday, February 11th. The financial services provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. Banco Do Brasil had a return on equity of 12.73% and a net margin of 3.75%.

Banco Do Brasil Trading Up 0.2%

Shares of BDORY opened at $4.83 on Thursday. Banco Do Brasil has a twelve month low of $3.35 and a twelve month high of $5.51. The stock has a market cap of $27.68 billion, a PE ratio of 12.38 and a beta of 0.39. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.97. The business’s 50-day moving average price is $4.25 and its 200-day moving average price is $4.08.

Wall Street Analysts Forecast Growth

BDORY has been the topic of several recent analyst reports. Citigroup cut shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Zacks Research upgraded Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Banco Do Brasil Company Profile

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.