Banco Do Brasil (BDORY) Expected to Announce Earnings on Wednesday

Banco Do Brasil (OTCMKTS:BDORY) will likely be releasing its results after the market closes on Wednesday, May 13th. Analysts expect Banco Do Brasil to post earnings of $0.13 per share and revenue of $7.8367 billion for the quarter.

Banco Do Brasil (OTCMKTS:BDORY) last announced its earnings results on Wednesday, February 11th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%. The business had revenue of $8.61 billion during the quarter, compared to analyst estimates of $7.41 billion. On average, analysts expect Banco Do Brasil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Banco Do Brasil Trading Down 1.3%

Shares of Banco Do Brasil stock opened at $4.47 on Tuesday. Banco Do Brasil has a 1 year low of $3.35 and a 1 year high of $5.51. The firm has a market cap of $25.62 billion, a PE ratio of 10.40, a PEG ratio of 0.32 and a beta of 0.44. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.90 and a quick ratio of 0.90. The company has a 50 day simple moving average of $4.72 and a two-hundred day simple moving average of $4.46.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BDORY. The Goldman Sachs Group lowered shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

About Banco Do Brasil

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.