Itaú Unibanco (NYSE:ITUB – Get Free Report) will be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Itaú Unibanco (NYSE:ITUB – Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The bank reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $8.05 billion. Itaú Unibanco had a net margin of 10.48% and a return on equity of 17.76%. On average, analysts expect Itaú Unibanco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Itaú Unibanco Stock Performance
Shares of ITUB opened at $6.34 on Friday. Itaú Unibanco has a 1 year low of $4.85 and a 1 year high of $7.27. The company’s 50 day simple moving average is $6.60 and its 200 day simple moving average is $6.48. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.59 and a quick ratio of 1.58.
Itaú Unibanco Cuts Dividend
Analyst Ratings Changes
A number of brokerages have recently commented on ITUB. HSBC downgraded Itaú Unibanco from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Tuesday, January 16th.
Read Our Latest Analysis on Itaú Unibanco
About Itaú Unibanco
Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.
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