BB Seguridade Participacoes (OTCMKTS:BBSEY) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

BB Seguridade Participacoes (OTCMKTS:BBSEY) issued its quarterly earnings data on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02, Zacks reports. BB Seguridade Participacoes had a return on equity of 84.08% and a net margin of 87.16%.The business had revenue of $499.59 million during the quarter, compared to analyst estimates of $435.25 million.

BB Seguridade Participacoes Price Performance

OTCMKTS:BBSEY traded up $0.14 during trading hours on Thursday, reaching $6.45. 30,771 shares of the stock were exchanged, compared to its average volume of 71,202. BB Seguridade Participacoes has a twelve month low of $5.38 and a twelve month high of $8.08. The firm has a 50 day moving average of $6.10 and a 200 day moving average of $6.42. The stock has a market cap of $12.90 billion, a PE ratio of 7.96, a PEG ratio of 2.24 and a beta of 0.61.

BB Seguridade Participacoes Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a dividend of $0.3327 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a yield of 1,065.0%. BB Seguridade Participacoes’s dividend payout ratio is 82.72%.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.