BB Seguridade Participacoes (BBSEY) Projected to Announce Earnings on Tuesday

BB Seguridade Participacoes (OTCMKTS:BBSEY) is expected to announce its results after the market closes on Tuesday, August 4th. Analysts expect the company to post earnings of $0.21 per share and revenue of $489.0820 million for the quarter.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. The firm had revenue of $471.89 million during the quarter, compared to analysts’ expectations of $529.60 million. On average, analysts expect BB Seguridade Participacoes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BB Seguridade Participacoes Price Performance

OTCMKTS BBSEY opened at $8.12 on Friday. BB Seguridade Participacoes has a 1 year low of $5.80 and a 1 year high of $8.57. The company has a market capitalization of $15.76 billion, a PE ratio of 9.33 and a beta of 0.35. The company has a fifty day moving average of $7.63 and a two-hundred day moving average of $7.19.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BBSEY. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 16th. Zacks Research cut BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company 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).