BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) announced its earnings results on Tuesday. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04, Zacks reports. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%.
BB Seguridade Participacoes Stock Performance
Shares of OTCMKTS:BBSEY traded up $0.04 during trading on Tuesday, hitting $8.18. The company’s stock had a trading volume of 44,284 shares, compared to its average volume of 152,319. The company has a market capitalization of $15.87 billion, a PE ratio of 9.40 and a beta of 0.36. BB Seguridade Participacoes has a fifty-two week low of $5.80 and a fifty-two week high of $8.57. The stock’s 50-day moving average price is $7.65 and its two-hundred day moving average price is $7.20.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Zacks Research lowered shares of BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.
About BB Seguridade Participacoes
BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.
The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).
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