Analysts Expect Companhia Brasileira de Distribuição (NYSE:CBD) to Post -$0.05 EPS

Analysts expect that Companhia Brasileira de Distribuição (NYSE:CBD) will report earnings per share (EPS) of ($0.05) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Companhia Brasileira de Distribuição’s earnings. Companhia Brasileira de Distribuição posted earnings of $0.23 per share in the same quarter last year, which would suggest a negative year over year growth rate of 121.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, December 1st.

According to Zacks, analysts expect that Companhia Brasileira de Distribuição will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $1.82. For the next financial year, analysts expect that the company will post earnings of $0.24 per share, with EPS estimates ranging from $0.21 to $0.27. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Companhia Brasileira de Distribuição.

Several analysts have recently weighed in on CBD shares. Bank of America cut shares of Companhia Brasileira de Distribuição from a “neutral” rating to an “underperform” rating in a research note on Monday, September 20th. Zacks Investment Research upgraded shares of Companhia Brasileira de Distribuição from a “sell” rating to a “hold” rating and set a $6.00 target price for the company in a report on Tuesday, October 19th. Finally, Citigroup cut Companhia Brasileira de Distribuição from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Companhia Brasileira de Distribuição presently has an average rating of “Hold” and a consensus price target of $6.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in Companhia Brasileira de Distribuição during the 1st quarter worth about $1,179,000. Blueshift Asset Management LLC purchased a new stake in Companhia Brasileira de Distribuição during the 2nd quarter worth about $189,000. Northern Trust Corp increased its holdings in Companhia Brasileira de Distribuição by 10.3% during the 1st quarter. Northern Trust Corp now owns 584,128 shares of the company’s stock worth $3,399,000 after purchasing an additional 54,347 shares during the period. Colony Group LLC increased its holdings in Companhia Brasileira de Distribuição by 26.7% during the 2nd quarter. Colony Group LLC now owns 13,875 shares of the company’s stock worth $108,000 after purchasing an additional 2,926 shares during the period. Finally, Deprince Race & Zollo Inc. purchased a new stake in Companhia Brasileira de Distribuição during the 1st quarter worth about $3,390,000. 4.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Companhia Brasileira de Distribuição stock traded up $0.04 during mid-day trading on Thursday, hitting $4.15. The stock had a trading volume of 359,082 shares, compared to its average volume of 1,610,099. The firm has a 50-day moving average of $4.64 and a two-hundred day moving average of $5.98. Companhia Brasileira de Distribuição has a 12-month low of $3.14 and a 12-month high of $8.41. The company has a quick ratio of 0.54, a current ratio of 1.00 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.12 billion, a P/E ratio of 2.88, a price-to-earnings-growth ratio of 0.12 and a beta of 0.91.

Companhia Brasileira de Distribuição Company Profile

Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, and other products through its chain of hypermarkets and supermarkets. It operates though the Food Retail, and Cash and Carry segments. The Food Retail segment sells food and non-food products to individual consumers.

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