Itaú Unibanco (NYSE:ITUB) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Itaú Unibanco (NYSE:ITUB) announced its earnings results on Thursday. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01), Zacks reports. Itaú Unibanco had a net margin of 12.33% and a return on equity of 19.72%.

Itaú Unibanco Stock Up 0.2 %

NYSE ITUB opened at $5.94 on Friday. Itaú Unibanco has a 12 month low of $4.86 and a 12 month high of $7.27. The company has a market capitalization of $58.25 billion, a P/E ratio of 7.62, a PEG ratio of 0.65 and a beta of 0.94. The company’s 50 day simple moving average is $5.31 and its 200 day simple moving average is $5.97. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.75 and a quick ratio of 1.75.

Itaú Unibanco Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.0029 per share. The ex-dividend date of this dividend is Tuesday, March 4th. Itaú Unibanco’s dividend payout ratio (DPR) is 3.85%.

Analyst Ratings Changes

ITUB has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target on the stock in a research report on Monday, January 13th. UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their target price on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Itaú Unibanco currently has an average rating of “Buy” and a consensus price target of $6.90.

Itaú Unibanco Company Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.