Banco Do Brasil (OTCMKTS:BDORY) Posts Earnings Results, Misses Estimates By $0.11 EPS

Banco Do Brasil (OTCMKTS:BDORY) released its earnings results on Friday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.11), Zacks reports. The business had revenue of $8.24 billion for the quarter, compared to analyst estimates of $8.04 billion. Banco Do Brasil had a return on equity of 8.88% and a net margin of 3.14%.

Banco Do Brasil Trading Down 1.1%

BDORY traded down $0.03 during trading on Friday, hitting $2.76. 1,624,978 shares of the company’s stock were exchanged, compared to its average volume of 2,332,890. The stock has a 50 day moving average price of $4.16 and a 200 day moving average price of $4.32. Banco Do Brasil has a 1 year low of $2.70 and a 1 year high of $5.47. The company has a current ratio of 0.73, a quick ratio of 0.93 and a debt-to-equity ratio of 1.56. The firm has a market cap of $15.82 billion, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.52 and a beta of 0.46.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BDORY shares. Citigroup downgraded shares of Banco Do Brasil from a “buy” rating to a “sell” rating in a report on Tuesday, October 27th. Zacks Research downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Strong Sell”.

About Banco Do Brasil

Banco do Brasil is a state-controlled Brazilian financial institution founded in 1808. Headquartered in Brasília, it serves individuals, businesses, farmers and public-sector entities across Brazil. The bank offers deposits, loans, credit and debit cards, payment services, foreign exchange and investment products. Its activities also include asset management, insurance, investment banking and services for agribusiness, a key part of its business in Brazil. Banco do Brasil operates an extensive domestic network and maintains an international presence in selected markets, supporting customers and facilitating trade and financial services across borders.