Banco Do Brasil (OTCMKTS:BDORY) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Banco Do Brasil (OTCMKTS:BDORY) issued its quarterly earnings data on Thursday. The financial services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03), Zacks reports. Banco Do Brasil had a net margin of 4.99% and a return on equity of 15.84%. The firm had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.06 billion.

Banco Do Brasil Stock Up 1.9%

Shares of OTCMKTS:BDORY traded up $0.08 during trading on Friday, reaching $4.36. 1,839,721 shares of the stock traded hands, compared to its average volume of 789,256. Banco Do Brasil has a 52-week low of $3.35 and a 52-week high of $5.51. The stock has a market cap of $24.99 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.59. The stock has a 50-day moving average of $4.10 and a two-hundred day moving average of $4.11. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.99 and a current ratio of 0.99.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Banco Do Brasil from a “hold” rating to a “buy” rating in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Banco Do Brasil presently has a consensus rating of “Hold”.

About Banco Do Brasil

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.