Banco Do Brasil (BDORY) Projected to Post Quarterly Earnings on Wednesday

Banco Do Brasil (OTCMKTS:BDORY) will likely be releasing its results after the market closes on Wednesday, May 13th. Analysts expect Banco Do Brasil to post earnings of $0.13 per share and revenue of $7.8367 billion for the quarter.

Banco Do Brasil (OTCMKTS:BDORY) last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Banco Do Brasil had a net margin of 3.76% and a return on equity of 11.06%. On average, analysts expect Banco Do Brasil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Banco Do Brasil Stock Performance

BDORY stock opened at $4.56 on Wednesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $26.13 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.31 and a beta of 0.44. The firm has a 50 day simple moving average of $4.78 and a 200 day simple moving average of $4.45. Banco Do Brasil has a 52 week low of $3.35 and a 52 week high of $5.51.

Analyst Upgrades and Downgrades

BDORY has been the subject of a number of analyst reports. Zacks Research upgraded shares of Banco Do Brasil from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. The Goldman Sachs Group cut Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Banco Do Brasil Company Profile

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.