Banco Do Brasil (BDORY) to Release Quarterly Earnings on Thursday

Banco Do Brasil (OTCMKTS:BDORY) is anticipated to post its results before the market opens on Thursday, February 19th. Analysts expect Banco Do Brasil to post earnings of $0.16 per share for the quarter.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $8.61 billion for the quarter, compared to analyst estimates of $7.41 billion. Banco Do Brasil had a return on equity of 11.21% and a net margin of 3.76%.

Banco Do Brasil Stock Performance

OTCMKTS:BDORY opened at $4.66 on Wednesday. The stock’s 50-day moving average is $4.32 and its 200-day moving average is $4.12. The stock has a market cap of $26.71 billion, a P/E ratio of 10.84 and a beta of 0.39. Banco Do Brasil has a 1-year low of $3.35 and a 1-year high of $5.51. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.97.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BDORY. Citigroup cut shares of Banco Do Brasil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Zacks Research raised Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Banco Do Brasil has a consensus rating of “Hold”.

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.