BB Seguridade Participacoes (OTCMKTS:BBSEY) Announces Quarterly Earnings Results

BB Seguridade Participacoes (OTCMKTS:BBSEY) announced its quarterly earnings results on Monday. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01), Zacks reports. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%.

BB Seguridade Participacoes Stock Performance

BBSEY stock opened at $6.88 on Tuesday. BB Seguridade Participacoes has a 1 year low of $5.80 and a 1 year high of $8.58. The stock’s 50 day moving average price is $6.85 and its 200 day moving average price is $6.69. The firm has a market cap of $13.36 billion, a P/E ratio of 8.29 and a beta of 0.38.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Itau BBA Securities cut BB Seguridade Participacoes to an “underperform” rating in a report on Wednesday, April 15th. Zacks Research raised BB Seguridade Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group downgraded BB Seguridade Participacoes to a “neutral” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BB Seguridade Participacoes presently has an average rating of “Hold”.

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).