Analysts Expect Banco Bradesco SA (BBD) Will Announce Earnings of $0.21 Per Share

Equities research analysts expect Banco Bradesco SA (NYSE:BBD) to report earnings per share of $0.21 for the current quarter, Zacks reports. Zero analysts have made estimates for Banco Bradesco’s earnings. Banco Bradesco posted earnings of $0.25 per share during the same quarter last year, which indicates a negative year over year growth rate of 16%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that Banco Bradesco will report full-year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.85 to $1.02. For the next financial year, analysts forecast that the firm will report earnings of $1.05 per share, with EPS estimates ranging from $0.94 to $1.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Banco Bradesco.

Banco Bradesco (NYSE:BBD) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $8.20 billion. Banco Bradesco had a return on equity of 17.54% and a net margin of 9.87%.

Several equities analysts recently issued reports on BBD shares. Zacks Investment Research upgraded Banco Bradesco from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Citigroup upgraded Banco Bradesco from a “neutral” rating to a “buy” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. upgraded Banco Bradesco from a “neutral” rating to an “overweight” rating in a report on Monday, January 22nd. Finally, ValuEngine cut Banco Bradesco from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Banco Bradesco has a consensus rating of “Buy” and a consensus price target of $12.20.

Banco Bradesco (NYSE:BBD) traded up $0.17 during trading on Friday, reaching $11.33. The company had a trading volume of 11,856,130 shares, compared to its average volume of 9,450,000. The company has a market capitalization of $68,310.00, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89. Banco Bradesco has a fifty-two week low of $7.83 and a fifty-two week high of $13.18.

The business also recently announced a special dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.005 per share. This represents a yield of 0.000438212094653812%. The ex-dividend date is Friday, February 2nd. Banco Bradesco’s dividend payout ratio (DPR) is currently 6.67%.

Institutional investors and hedge funds have recently modified their holdings of the business. Cutler Investment Counsel LLC bought a new position in Banco Bradesco during the third quarter worth about $131,000. Empirical Finance LLC bought a new position in Banco Bradesco during the third quarter worth about $144,000. Quantitative Systematic Strategies LLC bought a new position in Banco Bradesco during the fourth quarter worth about $151,000. Advisor Partners LLC acquired a new stake in shares of Banco Bradesco during the fourth quarter worth about $161,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Banco Bradesco during the third quarter worth about $183,000. Hedge funds and other institutional investors own 2.83% of the company’s stock.

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About Banco Bradesco

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

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