Banco Bradesco SA (BBD) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
Banco Bradesco SA (NYSE:BBD) announced its earnings results on Monday. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01, ARN reports.
Shares of Banco Bradesco SA (NYSE:BBD) opened at 15.16 on Monday. Banco Bradesco SA has a 52 week low of $11.29 and a 52 week high of $17.79. The stock has a 50-day moving average of $13.76 and a 200-day moving average of $14.19. The company has a market cap of $63.658 billion and a P/E ratio of 11.31.
The company also recently declared a special dividend, which is scheduled for Friday, November 8th. Investors of record on Friday, October 4th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, October 2nd.
On the ratings front, analysts at Zacks upgraded shares of Banco Bradesco SA from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $13.50 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.75.
Banco Bradesco SA (NYSE:BBD) is a private sector commercial bank operating in Brazil.
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