Brokerages expect Companhia Brasileira de Distribuicao (NYSE:CBD) to post earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Companhia Brasileira de Distribuicao’s earnings. The firm is expected to announce its next earnings report on Wednesday, July 26th.

According to Zacks, analysts expect that Companhia Brasileira de Distribuicao will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.59. For the next year, analysts expect that the company will post earnings of $0.84 per share, with EPS estimates ranging from $0.81 to $0.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Companhia Brasileira de Distribuicao.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Companhia Brasileira de Distribuicao from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, June 13th. J P Morgan Chase & Co upgraded shares of Companhia Brasileira de Distribuicao to an “overweight” rating in a report on Wednesday, March 22nd. Finally, BidaskClub lowered shares of Companhia Brasileira de Distribuicao from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.00.

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Companhia Brasileira de Distribuicao (CBD) opened at 20.14 on Tuesday. The stock’s 50 day moving average price is $20.87 and its 200 day moving average price is $19.22. Companhia Brasileira de Distribuicao has a 12 month low of $14.08 and a 12 month high of $24.75. The firm’s market capitalization is $5.36 billion.

Several large investors have recently modified their holdings of CBD. Harding Loevner LP increased its position in Companhia Brasileira de Distribuicao by 3.2% in the first quarter. Harding Loevner LP now owns 6,341,490 shares of the company’s stock worth $121,757,000 after buying an additional 195,300 shares during the period. TCW Group Inc. acquired a new position in Companhia Brasileira de Distribuicao during the first quarter worth $3,062,000. Macquarie Group Ltd. increased its position in Companhia Brasileira de Distribuicao by 6.6% in the fourth quarter. Macquarie Group Ltd. now owns 2,527,485 shares of the company’s stock worth $41,826,000 after buying an additional 155,795 shares during the period. Credit Agricole S A increased its position in Companhia Brasileira de Distribuicao by 17.5% in the first quarter. Credit Agricole S A now owns 910,713 shares of the company’s stock worth $17,485,000 after buying an additional 135,400 shares during the period. Finally, Karp Capital Management Corp acquired a new position in Companhia Brasileira de Distribuicao during the first quarter worth $2,295,000. Institutional investors and hedge funds own 3.39% of the company’s stock.

Companhia Brasileira de Distribuicao Company Profile

Companhia Brasileira de Distribuicao, directly or through its subsidiaries, is engaged in the retail of food, clothing, home appliances, electronics and other items through its chain of hypermarkets, supermarkets, specialized stores and department stores principally under the trade names Pao de Acucar, Minuto Pao de Acucar, Extra Hiper, Extra Super, Minimercado Extra, Assai an the neighborhood shopping mall brand Conviva.

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