Banco Bradesco (NYSE:BBD - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $31.54 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Banco Bradesco Stock Up 0.2 %
BBD traded up $0.01 during trading on Tuesday, reaching $2.13. 47,724,265 shares of the stock were exchanged, compared to its average volume of 52,038,613. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.72 and a current ratio of 0.72. The stock's 50 day moving average price is $2.00 and its two-hundred day moving average price is $2.38. Banco Bradesco has a twelve month low of $1.84 and a twelve month high of $3.36. The stock has a market cap of $22.61 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.26 and a beta of 0.94.
Banco Bradesco Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 5th will be paid a $0.0031 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, February 5th. Banco Bradesco's dividend payout ratio is currently 11.54%.
Wall Street Analyst Weigh In
BBD has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Banco Bradesco from an "overweight" rating to a "neutral" rating in a report on Monday, November 25th. The Goldman Sachs Group reduced their target price on shares of Banco Bradesco from $3.20 to $2.30 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, HSBC raised shares of Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price for the company in a report on Monday, January 13th.
Read Our Latest Stock Report on Banco Bradesco
About Banco Bradesco
(
Get Free Report)
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.
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