Banco Do Brasil (OTCMKTS:BDORY) Issues Earnings Results, Misses Estimates By $0.02 EPS

Banco Do Brasil (OTCMKTS:BDORY) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02), Zacks reports. Banco Do Brasil had a return on equity of 11.06% and a net margin of 3.76%.

Banco Do Brasil Price Performance

Shares of BDORY traded down $0.29 during mid-day trading on Wednesday, hitting $4.18. 1,292,384 shares of the stock were exchanged, compared to its average volume of 507,343. The company has a market cap of $23.95 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 0.32 and a beta of 0.44. Banco Do Brasil has a 52-week low of $3.35 and a 52-week high of $5.48. The firm has a 50-day moving average of $4.70 and a two-hundred day moving average of $4.47. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90.

Analysts Set New Price Targets

BDORY has been the topic of several research analyst reports. Zacks Research upgraded shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. The Goldman Sachs Group cut shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently 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.