Zacks: Brokers expect Banco Bradesco SA (NYSE:BBD) to post $0.12 EPS


Stock analysts expect Banco Bradesco SA (NYSE:BBD – Get Rating) to report earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks. Two analysts provided earnings estimates for Banco Bradesco. The lowest EPS estimate is $0.11 and the highest is $0.12. Banco Bradesco reported earnings per share of $0.11 in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.1%. The company is expected to announce its next earnings report on Monday, January 1.

According to Zacks, analysts expect Banco Bradesco to report annual earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.46 to $0.57. For the next fiscal year, analysts expect the company to post earnings of $0.55 per share, with EPS estimates ranging from $0.50 to $0.64. Zacks earnings per share averages are an average based on a survey of analysts who cover Banco Bradesco.

Banco Bradesco (NYSE:BBD – Get Rating) last released quarterly earnings data on Tuesday, February 8. The bank reported earnings per share of $0.11 for the quarter, matching the consensus estimate of $0.11. The company posted revenue of $6.21 billion in the quarter, versus $5.08 billion expected by analysts. Banco Bradesco achieved a net margin of 21.20% and a return on equity of 17.91%.

A number of research analysts have weighed in on the stock. Barclays assumed coverage for Banco Bradesco shares in a Monday, January 24, research note. They issued an “overweight” rating and a price target of $4.55 on the stock. Zacks Investment Research upgraded shares of Banco Bradesco from a “sell” rating to a “hold” rating in a Monday, January 24 report.

Banco Bradesco’s stock traded down $0.08 at midday Friday, hitting $3.93. 28,305,537 shares were traded, against an average volume of 43,013,457. The company has a fifty-day simple moving average of $3.89 and a two-hundred-day simple moving average of $3.55. Banco Bradesco has a 52-week low of $2.95 and a 52-week high of $5.18. The stock has a market capitalization of $42.02 billion, a PE ratio of 9.59, a P/E/G ratio of 0.49 and a beta of 0.87. The company has a quick ratio of 1.46, a current ratio of 0.64 and a debt ratio of 1.34.

The company also recently disclosed a — dividend, which will be paid on Wednesday, June 8. Shareholders of record on Wednesday, May 4 will receive a dividend of $0.004. This is an increase from Banco Bradesco’s previous dividend of $0.00. This represents a dividend yield of 3.7%. The ex-dividend date is Tuesday, May 3. Banco Bradesco’s payout ratio is currently 7.32%.

Institutional investors have recently changed their positions in the company. UBS Asset Management Americas Inc. increased its position in Banco Bradesco shares by 3.4% in the third quarter. UBS Asset Management Americas Inc. now owns 23,851,794 shares of the bank valued at $91,352,000 after acquiring an additional 791,553 shares during the period. TT International Asset Management LTD acquired a new stake in Banco Bradesco during the third quarter worth approximately $58,515,000. Two Sigma Securities LLC increased its position in Banco Bradesco by 2,699.2% during the third quarter. Two Sigma Securities LLC now owns 484,154 shares of the bank worth $1,854,000 after purchasing an additional 466,858 shares during the period. qPULA Trading Management LP purchased a new stake in Banco Bradesco during the third quarter worth approximately $258,000. Finally, Deprince Race & Zollo Inc. increased its position in Banco Bradesco by 7.8% during the third quarter. Deprince Race & Zollo Inc. now owns 1,098,570 shares of the bank worth $4,208,000 after purchasing an additional 79,900 shares during the period. 2.51% of the shares are held by institutional investors.

Banco Bradesco Company Profile (Get a rating)

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, businesses and companies in Brazil and abroad. The Company operates through Banking and Insurance segments. It provides demand, term and savings deposits; mutual fund; a range of loans and advances, including overdrafts, credit cards and installment loans; and funds and treasury management, foreign exchange, corporate finance and investment banking, and hedge finance and working capital services.

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