Itaú Unibanco (ITUB) Expected to Announce Earnings on Sunday

Itaú Unibanco (NYSE:ITUB - Get Free Report) is projected to announce its earnings results before the market opens on Sunday, February 2nd. Analysts expect the company to announce earnings of $0.20 per share and revenue of $8,100,200.00 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Itaú Unibanco Trading Up 0.1 %

Shares of ITUB traded up $0.01 during trading hours on Friday, reaching $5.47. 12,822,382 shares of the company traded hands, compared to its average volume of 18,134,548. Itaú Unibanco has a 12 month low of $4.86 and a 12 month high of $7.27. The company has a market capitalization of $53.56 billion, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The company's fifty day moving average price is $5.33 and its two-hundred day moving average price is $5.99. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be given a dividend of $0.0029 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This is a positive change from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's payout ratio is currently 3.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ITUB shares. UBS Group upgraded Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Hsbc Global Res upgraded shares of Itaú Unibanco to a "strong-buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Finally, HSBC upgraded shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 target price on the stock in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $6.90.

Itaú Unibanco Company Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.