Wall Street brokerages expect that Banco Bradesco SA (NYSE:BBD) will announce earnings per share of $0.19 for the current quarter, Zacks reports. Zero analysts have issued estimates for Banco Bradesco’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.17. Banco Bradesco posted 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 company is expected to announce its next quarterly earnings report on Tuesday, October 30th.

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

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Wednesday, July 25th. The bank reported $0.24 EPS for the quarter, beating the Zacks’ 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 company had revenue of $7.31 billion during the quarter.

A number of research firms recently commented on BBD. ValuEngine upgraded shares of Banco Bradesco from a “strong sell” rating to a “sell” rating in a report on Sunday, July 8th. Zacks Investment Research upgraded shares of Banco Bradesco from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Santander upgraded shares of Banco Bradesco from a “hold” rating to a “buy” rating in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.00.

A number of large investors have recently bought and sold shares of BBD. Standard Life Aberdeen plc raised its holdings in Banco Bradesco by 20.1% in the 2nd quarter. Standard Life Aberdeen plc now owns 165,169,076 shares of the bank’s stock worth $1,133,886,000 after purchasing an additional 27,683,861 shares in the last quarter. BlackRock Inc. raised its holdings in Banco Bradesco by 23.4% in the 2nd quarter. BlackRock Inc. now owns 39,233,633 shares of the bank’s stock worth $269,143,000 after purchasing an additional 7,441,386 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Banco Bradesco by 9.9% in the 2nd quarter. Fisher Asset Management LLC now owns 35,424,652 shares of the bank’s stock worth $243,013,000 after purchasing an additional 3,192,725 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Banco Bradesco by 11.8% in the 2nd quarter. Baillie Gifford & Co. now owns 17,509,302 shares of the bank’s stock worth $120,114,000 after purchasing an additional 1,844,878 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in Banco Bradesco by 10.8% in the 2nd quarter. Earnest Partners LLC now owns 16,110,689 shares of the bank’s stock worth $110,519,000 after purchasing an additional 1,564,284 shares in the last quarter. Institutional investors own 3.17% of the company’s stock.

NYSE:BBD traded up $0.21 during midday trading on Friday, reaching $7.28. 23,374,500 shares of the stock traded hands, compared to its average volume of 11,217,735. 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 firm has a market capitalization of $46.65 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.45 and a beta of 1.86.

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

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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