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

Banco Do Brasil (OTCMKTS:BDORY) released its quarterly earnings data on Wednesday. The financial services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Zacks reports. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%.

Banco Do Brasil Trading Down 6.5%

Shares of Banco Do Brasil stock traded down $0.29 during trading on Wednesday, reaching $4.18. 1,292,384 shares of the company were exchanged, compared to its average volume of 507,343. Banco Do Brasil has a twelve month low of $3.35 and a twelve month high of $5.48. The business has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $23.95 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 0.32 and a beta of 0.44.

Analyst Ratings Changes

A number of equities analysts have commented on BDORY shares. Zacks Research upgraded shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. The Goldman Sachs Group cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus 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.