Wall Street brokerages forecast that Banco Bradesco SA (NYSE:BBD) will report earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Banco Bradesco’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.20. Banco Bradesco posted earnings per share of $0.23 in the same quarter last year, which suggests a negative year-over-year growth rate of 17.4%. The company is expected to report its next quarterly earnings report on Tuesday, October 30th.

On average, 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 year, analysts anticipate that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.88. Zacks Investment Research’s earnings per share 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 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $7.31 billion during the quarter. Banco Bradesco had a return on equity of 17.06% and a net margin of 12.02%.

Several research firms have recently weighed in on BBD. ValuEngine upgraded Banco Bradesco from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 8th. Zacks Investment Research upgraded Banco Bradesco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Bank of America reiterated a “buy” rating on shares of Banco Bradesco in a research note on Monday, May 21st. Finally, Santander upgraded Banco Bradesco from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $12.20.

Shares of BBD stock traded down $0.08 on Wednesday, hitting $6.94. 1,423,170 shares of the stock were exchanged, compared to its average volume of 12,081,585. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.13 and a current ratio of 1.12. The company has a market capitalization of $46.99 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.46 and a beta of 1.87. Banco Bradesco has a one year low of $6.51 and a one year high of $13.18.

The business also recently disclosed a special dividend, which will be paid on Tuesday, October 9th. Investors of record on Wednesday, September 5th will be issued a dividend of $0.0049 per share. This is a boost from Banco Bradesco’s previous special dividend of $0.00. The ex-dividend date is Tuesday, September 4th. This represents a yield of 0.74%. Banco Bradesco’s dividend payout ratio is 5.62%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC purchased a new stake in Banco Bradesco during the 1st quarter worth about $124,000. Flow Traders U.S. LLC purchased a new stake in Banco Bradesco during the 1st quarter worth about $152,000. HRT Financial LLC purchased a new stake in Banco Bradesco during the 2nd quarter worth about $132,000. Signaturefd LLC lifted its holdings in Banco Bradesco by 50.7% during the 2nd quarter. Signaturefd LLC now owns 20,573 shares of the bank’s stock worth $141,000 after purchasing an additional 6,925 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Banco Bradesco by 97.5% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 21,673 shares of the bank’s stock worth $257,000 after purchasing an additional 10,700 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: Fundamental Analysis and Individual Investors

Get a free copy of the Zacks research report on Banco Bradesco (BBD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Banco Bradesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Bradesco and related companies with MarketBeat.com's FREE daily email newsletter.