BB Seguridade Participações (OTCMKTS:BBSEY) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

BB Seguridade Participações (OTCMKTS:BBSEY) issued its quarterly earnings results on Tuesday. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03, Yahoo Finance reports. BB Seguridade Participações had a return on equity of 78.54% and a net margin of 85.25%. The firm had revenue of $474.21 million during the quarter.

BB Seguridade Participações Stock Down 1.3 %

BBSEY stock traded down $0.08 during trading on Friday, hitting $6.01. 11,699 shares of the company’s stock traded hands, compared to its average volume of 75,074. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. BB Seguridade Participações has a 52 week low of $5.73 and a 52 week high of $7.67. The stock has a fifty day moving average price of $6.24 and a two-hundred day moving average price of $6.25.

BB Seguridade Participações Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, August 20th were issued a $0.2127 dividend. This represents a yield of 3.16%. The ex-dividend date was Monday, August 19th. BB Seguridade Participações’s dividend payout ratio is presently 50.59%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a report on Monday, September 30th.

About BB Seguridade Participações

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.