Itau Unibanco (ITUB) Scheduled to Post Quarterly Earnings on Monday

Itau Unibanco (NYSE:ITUB) is set to issue its quarterly earnings data after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.

Itau Unibanco (NYSE:ITUB) last posted its earnings results on Monday, October 30th. The bank reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Itau Unibanco had a net margin of 19.65% and a return on equity of 18.85%. The firm had revenue of $9.39 billion during the quarter, compared to analyst estimates of $8.26 billion. On average, analysts expect Itau Unibanco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Itau Unibanco (NYSE ITUB) opened at $16.98 on Monday. Itau Unibanco has a fifty-two week low of $10.02 and a fifty-two week high of $16.98. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $107,589.81, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.84 and a beta of 1.59.

Itau Unibanco declared that its board has authorized a share repurchase plan on Monday, December 18th that allows the company to repurchase 28,620,000 shares. This repurchase authorization allows the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

The firm also recently announced a monthly dividend, which will be paid on Monday, March 12th. Investors of record on Friday, February 2nd will be issued a $0.005 dividend. The ex-dividend date is Thursday, February 1st. This is a positive change from Itau Unibanco’s previous monthly dividend of $0.00. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.35%. Itau Unibanco’s dividend payout ratio (DPR) is 4.35%.

ITUB has been the subject of a number of recent research reports. BidaskClub lowered shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 23rd. ValuEngine lowered shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research lowered shares of Itau Unibanco from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Deutsche Bank raised shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.25.

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About Itau Unibanco

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

Earnings History for Itau Unibanco (NYSE:ITUB)

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