Brokerages expect Banco Bradesco SA (NYSE:BBD) to post earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Banco Bradesco’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.20. Banco Bradesco reported earnings per share of $0.23 during the same quarter last year, which indicates a negative year over year growth rate of 17.4%. The firm is scheduled to announce its next earnings results on Tuesday, October 30th.

On average, analysts expect that Banco Bradesco will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.82. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.88. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Banco Bradesco.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings data on Wednesday, July 25th. The bank reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Banco Bradesco had a net margin of 12.02% and a return on equity of 17.06%. The business had revenue of $7.31 billion during the quarter.

BBD has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Banco Bradesco from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 19th. ValuEngine raised shares of Banco Bradesco from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Finally, Santander raised shares of Banco Bradesco from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $8.00.

BBD traded up $0.42 on Tuesday, hitting $8.96. 17,558,300 shares of the stock were exchanged, compared to its average volume of 11,913,677. Banco Bradesco has a 12 month low of $6.49 and a 12 month high of $13.18. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $47.39 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 0.46 and a beta of 1.79.

The company also recently disclosed a special dividend, which will be paid on Thursday, November 8th. Investors of record on Wednesday, October 3rd will be given a dividend of $0.0046 per share. The ex-dividend date is Tuesday, October 2nd. This represents a yield of 0.88%. Banco Bradesco’s dividend payout ratio is 5.62%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can lifted its position in Banco Bradesco by 490.7% during the third quarter. Bank of Montreal Can now owns 1,421,786 shares of the bank’s stock worth $10,066,000 after purchasing an additional 1,181,092 shares during the period. United Services Automobile Association lifted its holdings in shares of Banco Bradesco by 99.0% in the second quarter. United Services Automobile Association now owns 1,372,174 shares of the bank’s stock worth $9,413,000 after acquiring an additional 682,761 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Banco Bradesco by 8.8% in the second quarter. Northern Trust Corp now owns 8,547,392 shares of the bank’s stock worth $58,635,000 after acquiring an additional 689,755 shares during the last quarter. HRT Financial LLC bought a new position in shares of Banco Bradesco in the second quarter worth about $132,000. Finally, Nomura Holdings Inc. lifted its holdings in shares of Banco Bradesco by 1,808.4% in the second quarter. Nomura Holdings Inc. now owns 205,421 shares of the bank’s stock worth $3,416,000 after acquiring an additional 194,657 shares during the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

About Banco Bradesco

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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