Banco Do Brasil (OTCMKTS:BDORY) Posts Earnings Results, Misses Expectations By $0.11 EPS

Banco Do Brasil (OTCMKTS:BDORY) issued its quarterly earnings data on Friday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.11), Zacks reports. Banco Do Brasil had a return on equity of 8.88% and a net margin of 3.14%. The firm had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $8.04 billion.

Banco Do Brasil Stock Performance

Shares of BDORY stock traded down $0.03 on Friday, hitting $2.76. The company’s stock had a trading volume of 1,624,978 shares, compared to its average volume of 2,332,890. Banco Do Brasil has a fifty-two week low of $2.70 and a fifty-two week high of $5.47. The company has a market capitalization of $15.82 billion, a PE ratio of 6.90, a PEG ratio of 0.52 and a beta of 0.46. The stock’s 50 day moving average is $4.16 and its 200-day moving average is $4.32. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.73.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BDORY shares. Citigroup lowered Banco Do Brasil from a “buy” rating to a “sell” rating in a research note on Tuesday, October 27th. Zacks Research downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Three analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Strong Sell”.

Banco Do Brasil Company Profile

Banco do Brasil is a state-controlled Brazilian financial institution founded in 1808. Headquartered in Brasília, it serves individuals, businesses, farmers and public-sector entities across Brazil. The bank offers deposits, loans, credit and debit cards, payment services, foreign exchange and investment products. Its activities also include asset management, insurance, investment banking and services for agribusiness, a key part of its business in Brazil. Banco do Brasil operates an extensive domestic network and maintains an international presence in selected markets, supporting customers and facilitating trade and financial services across borders.