BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04, Zacks reports. The business had revenue of $508.16 million for the quarter, compared to analyst estimates of $489.08 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%.
BB Seguridade Participacoes Price Performance
OTCMKTS BBSEY opened at $8.17 on Wednesday. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 9.39 and a beta of 0.36. The company has a 50 day simple moving average of $7.67 and a 200-day simple moving average of $7.22. BB Seguridade Participacoes has a 52-week low of $5.80 and a 52-week high of $8.57.
Analysts Set New Price Targets
Several research firms have weighed in on BBSEY. Zacks Research cut shares of BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.
BB Seguridade Participacoes Company Profile
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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