BB Seguridade Participações (OTCMKTS:BBSEY) Announces Quarterly Earnings Results

BB Seguridade Participações (OTCMKTS:BBSEY) released its earnings results on Tuesday. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03, Yahoo Finance reports. BB Seguridade Participações had a return on equity of 78.54% and a net margin of 85.25%. The company had revenue of $474.21 million during the quarter.

BB Seguridade Participações Price Performance

BBSEY stock traded up $0.03 during midday trading on Wednesday, hitting $5.90. The stock had a trading volume of 56,084 shares, compared to its average volume of 49,229. The company’s 50-day moving average price is $6.26 and its 200 day moving average price is $6.25. The firm has a market cap of $11.80 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. BB Seguridade Participações has a 12-month low of $5.73 and a 12-month high of $7.67.

BB Seguridade Participações Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, August 20th were given a $0.2127 dividend. This represents a dividend yield of 3.16%. The ex-dividend date was Monday, August 19th. BB Seguridade Participações’s dividend payout ratio is presently 51.19%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th.

BB Seguridade Participações Company Profile

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.