Itaú Unibanco (ITUB) Expected to Announce Earnings on Sunday

Itaú Unibanco (NYSE:ITUB) is anticipated to release its earnings data before the market opens on Sunday, February 2nd. Analysts expect Itaú Unibanco to post earnings of $0.20 per share and revenue of $8.10 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Itaú Unibanco Trading Down 0.1 %

Shares of ITUB stock opened at $5.80 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. The company has a 50 day moving average of $5.31 and a 200-day moving average of $5.98. Itaú Unibanco has a 12-month low of $4.86 and a 12-month high of $7.27. The firm has a market cap of $56.80 billion, a P/E ratio of 7.43, a PEG ratio of 0.64 and a beta of 0.95.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be issued a $0.0029 dividend. 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 dividend payout ratio (DPR) is 2.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective on the stock 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. cut 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. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Itaú Unibanco has a consensus rating of “Buy” and a consensus price target 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.