Banco Bradesco (BBD) Set to Announce Earnings on Thursday

Banco Bradesco (NYSE:BBD) will post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Banco Bradesco to post earnings of $0.07 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Banco Bradesco Stock Down 2.0 %

Shares of NYSE BBD opened at $2.70 on Wednesday. Banco Bradesco has a 52-week low of $2.60 and a 52-week high of $3.68. The firm has a market capitalization of $28.72 billion, a price-to-earnings ratio of 12.83 and a beta of 0.95. The stock has a 50 day moving average price of $2.79 and a 200 day moving average price of $3.03. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.97 and a current ratio of 0.97.

Banco Bradesco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 6th will be given a dividend of $0.0036 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, May 3rd. Banco Bradesco’s dividend payout ratio (DPR) is presently 14.29%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group upgraded Banco Bradesco from a “sell” rating to a “neutral” rating and set a $2.80 price target on the stock in a research note on Tuesday, February 20th. HSBC downgraded shares of Banco Bradesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Jefferies Financial Group lowered Banco Bradesco from a “buy” rating to a “hold” rating in a report on Friday, February 9th.

About Banco Bradesco

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.