BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) posted its earnings results on Tuesday. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02, Zacks reports. BB Seguridade Participacoes had a net margin of 87.16% and a return on equity of 84.08%. The business had revenue of $499.59 million during the quarter, compared to the consensus estimate of $435.25 million.
BB Seguridade Participacoes Stock Up 2.2%
BBSEY stock traded up $0.14 during mid-day trading on Thursday, hitting $6.45. The company had a trading volume of 30,771 shares, compared to its average volume of 81,037. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 2.28 and a beta of 0.61. BB Seguridade Participacoes has a 12-month low of $5.38 and a 12-month high of $8.08. The company has a 50-day moving average price of $6.11 and a 200 day moving average price of $6.42.
BB Seguridade Participacoes Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a $0.3327 dividend. The ex-dividend date was Monday, August 18th. This represents a yield of 1,065.0%. BB Seguridade Participacoes’s payout ratio is presently 82.72%.
BB Seguridade Participacoes Company Profile
BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.
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