BB Seguridade Participações (OTCMKTS:BBSEY) Announces Earnings Results

BB Seguridade Participações (OTCMKTS:BBSEY) posted its quarterly earnings data on Tuesday. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03, Yahoo Finance reports. The firm had revenue of $474.21 million for the quarter. BB Seguridade Participações had a return on equity of 78.54% and a net margin of 85.25%.

BB Seguridade Participações Price Performance

BBSEY traded up $0.03 during trading on Wednesday, reaching $5.90. 56,084 shares of the stock were exchanged, compared to its average volume of 49,229. The business’s 50 day moving average price is $6.26 and its two-hundred day moving average price is $6.25. BB Seguridade Participações has a 1 year low of $5.73 and a 1 year high of $7.67. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 1.76 and a beta of 1.00.

BB Seguridade Participações Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, August 20th were paid a $0.2127 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a dividend yield of 3.16%. BB Seguridade Participações’s dividend payout ratio (DPR) is presently 51.19%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a report 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.