BB Seguridade Participacoes (OTCMKTS:BBSEY) Releases Earnings Results

BB Seguridade Participacoes (OTCMKTS:BBSEY) posted its earnings results on Tuesday. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01, Zacks reports. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%.

BB Seguridade Participacoes Stock Performance

Shares of BB Seguridade Participacoes stock traded down $0.15 on Tuesday, hitting $7.35. 231,880 shares of the company’s stock were exchanged, compared to its average volume of 143,935. The company has a 50-day simple moving average of $7.95 and a 200-day simple moving average of $7.42. The stock has a market capitalization of $14.27 billion, a PE ratio of 8.33 and a beta of 0.39. BB Seguridade Participacoes has a 1 year low of $6.01 and a 1 year high of $8.81.

Analysts Set New Price Targets

BBSEY has been the subject of a number of recent analyst reports. Zacks Research raised BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Citigroup downgraded shares of BB Seguridade Participacoes to a “sell” rating in a research report on Friday, September 11th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.