Banco Do Brasil (OTCMKTS:BDORY) Announces Earnings Results

Banco Do Brasil (OTCMKTS:BDORY) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02), Zacks reports. Banco Do Brasil had a return on equity of 11.06% and a net margin of 3.76%.

Banco Do Brasil Stock Performance

OTCMKTS BDORY traded down $0.29 during trading on Wednesday, reaching $4.18. 1,292,384 shares of the company’s stock were exchanged, compared to its average volume of 507,343. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day moving average price of $4.70 and a 200-day moving average price of $4.47. The stock has a market capitalization of $23.95 billion, a P/E ratio of 9.72, a PEG ratio of 0.32 and a beta of 0.44. Banco Do Brasil has a fifty-two week low of $3.35 and a fifty-two week high of $5.48.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BDORY shares. Zacks Research upgraded Banco Do Brasil from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group lowered shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

About Banco Do Brasil

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.