Itaú Unibanco (NYSE:ITUB) Announces Earnings Results, Misses Estimates By $0.01 EPS

Itaú Unibanco (NYSE:ITUB) posted its quarterly earnings data on Thursday. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01), Zacks reports. Itaú Unibanco had a return on equity of 19.72% and a net margin of 12.33%.

Itaú Unibanco Price Performance

ITUB stock traded up $0.02 during midday trading on Thursday, reaching $5.95. 21,506,271 shares of the stock were exchanged, compared to its average volume of 25,144,531. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $58.27 billion, a PE ratio of 7.61, a P/E/G ratio of 0.65 and a beta of 0.94. Itaú Unibanco has a 52 week low of $4.86 and a 52 week high of $7.27. The company has a fifty day moving average price of $5.30 and a 200 day moving average price of $5.97.

Itaú Unibanco Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.0029 per share. The ex-dividend date is Tuesday, March 4th. Itaú Unibanco’s dividend payout ratio (DPR) is 3.85%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ITUB. JPMorgan Chase & Co. cut their price target on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target on the stock in a research note on Monday, January 13th. Finally, Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $6.90.

Itaú Unibanco Company Profile

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.