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

BB Seguridade Participacoes (OTCMKTS:BBSEYGet Free Report) 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”.

View Our Latest Stock Analysis on BBSEY

About BB Seguridade Participacoes

(Get Free Report)

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).

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Earnings History for BB Seguridade Participacoes (OTCMKTS:BBSEY)

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