BB Seguridade Participacoes (OTCMKTS:BBSEY) Posts Earnings Results, Beats Expectations By $0.04 EPS

BB Seguridade Participacoes (OTCMKTS:BBSEY) issued its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04, Zacks reports. The business had revenue of $508.16 million during the quarter, compared to analysts’ expectations of $489.08 million. BB Seguridade Participacoes had a return on equity of 78.75% and a net margin of 87.94%.

BB Seguridade Participacoes Stock Performance

Shares of BB Seguridade Participacoes stock traded down $0.11 during midday trading on Thursday, hitting $8.09. 20,107 shares of the company traded hands, compared to its average volume of 152,498. The firm’s fifty day moving average price is $7.69 and its 200-day moving average price is $7.23. The stock has a market cap of $15.71 billion, a price-to-earnings ratio of 8.99 and a beta of 0.36. BB Seguridade Participacoes has a 12 month low of $5.80 and a 12 month high of $8.57.

Wall Street Analyst Weigh In

BBSEY has been the topic of several recent analyst reports. Itau BBA Securities raised shares of BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Zacks Research downgraded shares of BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BB Seguridade Participacoes currently has an average rating of “Reduce”.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).