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

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

Banco Do Brasil Stock Up 1.9%

Banco Do Brasil stock traded up $0.08 during mid-day trading on Friday, hitting $4.36. The company had a trading volume of 1,839,721 shares, compared to its average volume of 789,256. Banco Do Brasil has a 12 month low of $3.35 and a 12 month high of $5.51. The company has a market capitalization of $24.99 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 2.11 and a beta of 0.59. The stock’s 50 day moving average price is $4.10 and its two-hundred day moving average price is $4.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.95.

Analyst Ratings Changes

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 given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Banco Do Brasil Company Profile

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.