Itaú Unibanco (NYSE:ITUB - Get Free Report) is expected to be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
Itaú Unibanco (NYSE:ITUB - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. On average, analysts expect Itaú Unibanco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Itaú Unibanco Price Performance
Shares of NYSE:ITUB traded down $0.09 on Monday, hitting $5.65. The stock had a trading volume of 23,252,400 shares, compared to its average volume of 25,915,729. The firm's 50 day moving average price is $5.43 and its 200-day moving average price is $5.96. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.75 and a current ratio of 1.34. Itaú Unibanco has a twelve month low of $4.86 and a twelve month high of $7.07. The company has a market capitalization of $55.33 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95.
Itaú Unibanco Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be given a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's payout ratio is 73.08%.
Analysts Set New Price Targets
Several research firms have recently weighed in on ITUB. HSBC raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price objective for the company in a report on Monday, January 13th. Hsbc Global Res upgraded Itaú Unibanco to a "strong-buy" rating in a research report on Monday, January 13th. UBS Group raised Itaú Unibanco from a "neutral" rating to a "buy" rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their target price on Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Itaú Unibanco currently has a consensus rating of "Buy" and an average price target of $6.90.
Read Our Latest Research Report on ITUB
Itaú Unibanco Company Profile
(
Get Free Report)
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.
See Also
Before you consider Itaú Unibanco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Itaú Unibanco wasn't on the list.
While Itaú Unibanco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
