BB Seguridade Participacoes (BBSEY) to Announce Earnings on Tuesday

BB Seguridade Participacoes (OTCMKTS:BBSEY) is anticipated to announce its results after the market closes on Tuesday, August 4th. Analysts expect the company to post earnings of $0.21 per share and revenue of $489.0820 million for the quarter.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last announced its earnings results on Monday, May 4th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $471.89 million during the quarter, compared to the consensus estimate of $529.60 million. BB Seguridade Participacoes had a net margin of 87.73% and a return on equity of 79.64%. On average, analysts expect BB Seguridade Participacoes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BB Seguridade Participacoes Price Performance

Shares of BBSEY stock opened at $8.12 on Monday. BB Seguridade Participacoes has a 52-week low of $5.80 and a 52-week high of $8.57. The stock’s 50-day moving average price is $7.63 and its 200 day moving average price is $7.19. The stock has a market capitalization of $15.76 billion, a PE ratio of 9.33 and a beta of 0.35.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BBSEY shares. Zacks Research cut BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

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).