Banco Bradesco (BBD) Projected to Post Earnings on Wednesday

Banco Bradesco (NYSE:BBD) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Banco Bradesco to post earnings of $0.09 per share and revenue of $31.54 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Banco Bradesco Stock Up 0.2 %

Shares of NYSE:BBD opened at $2.12 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. Banco Bradesco has a 52-week low of $1.84 and a 52-week high of $3.36. The business’s 50 day simple moving average is $2.00 and its two-hundred day simple moving average is $2.38. The firm has a market cap of $22.51 billion, a P/E ratio of 8.13, a PEG ratio of 0.26 and a beta of 0.94.

Banco Bradesco Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.0031 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.04 annualized dividend and a yield of 1.76%. Banco Bradesco’s payout ratio is 7.69%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Banco Bradesco from $3.20 to $2.30 and set a “buy” rating on the stock in a report on Friday, January 10th. JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a report on Monday, November 25th. Finally, HSBC upgraded Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price target for the company in a research report on Monday, January 13th.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.