Banco Bradesco (BBD) Projected to Post Quarterly Earnings on Wednesday

Banco Bradesco (NYSE:BBD - Get Free Report) is anticipated to issue 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 that wish to listen to the company's earnings conference call can do so using this link.

Banco Bradesco (NYSE:BBD - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The bank reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Banco Bradesco had a return on equity of 10.17% and a net margin of 7.43%. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $5.62 billion. On average, analysts expect Banco Bradesco to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Banco Bradesco Stock Performance

NYSE:BBD traded down $0.02 during trading hours on Wednesday, reaching $2.01. 30,106,020 shares of the stock were exchanged, compared to its average volume of 52,107,840. The stock has a market capitalization of $21.34 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.24 and a beta of 0.94. The firm has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $2.39. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. Banco Bradesco has a 52 week low of $1.84 and a 52 week high of $3.36.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be given a $0.0031 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.86%. Banco Bradesco's payout ratio is currently 11.54%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BBD. JPMorgan Chase & Co. cut Banco Bradesco from an "overweight" rating to a "neutral" rating in a research report on Monday, November 25th. HSBC upgraded Banco Bradesco from a "hold" rating to a "buy" rating and set a $2.80 target price on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut their price objective on shares of Banco Bradesco from $3.20 to $2.30 and set a "buy" rating on the stock in a research report on Friday, January 10th.

Banco Bradesco Company Profile

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.