BB Seguridade Participacoes (OTCMKTS:BBSEY) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

BB Seguridade Participacoes (OTCMKTS:BBSEY) announced its earnings results on Tuesday. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01, Zacks reports. The firm had revenue of $505.31 million for the quarter, compared to the consensus estimate of $498.02 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%.

BB Seguridade Participacoes Stock Performance

OTCMKTS:BBSEY traded down $0.30 on Wednesday, hitting $7.05. The stock had a trading volume of 24,681 shares, compared to its average volume of 140,247. The stock has a market cap of $13.70 billion, a P/E ratio of 7.84 and a beta of 0.39. BB Seguridade Participacoes has a 1 year low of $6.01 and a 1 year high of $8.81. The firm’s fifty day simple moving average is $7.95 and its two-hundred day simple moving average is $7.42.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BBSEY. Citigroup cut BB Seguridade Participacoes to a “sell” rating in a research note on Friday, September 11th. Zacks Research raised BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

About BB Seguridade Participacoes

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.