BB Seguridade Participacoes (BBSEY) Expected to Release Earnings on Tuesday

BB Seguridade Participacoes (OTCMKTS:BBSEY) is expected to release its results after the market closes on Tuesday, November 3rd. Analysts expect the company to post earnings of $0.22 per share and revenue of $498.02 million for the quarter.

BB Seguridade Participacoes (OTCMKTS:BBSEY) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $508.16 million during the quarter, compared to analysts’ expectations of $489.08 million. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%. On average, analysts expect BB Seguridade Participacoes to post $0.87 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.

BB Seguridade Participacoes Stock Down 9.0%

OTCMKTS BBSEY opened at $8.02 on Tuesday. The company has a market capitalization of $15.57 billion, a P/E ratio of 8.91 and a beta of 0.39. BB Seguridade Participacoes has a 12-month low of $6.00 and a 12-month high of $8.81. The firm has a 50-day moving average price of $7.90 and a two-hundred day moving average price of $7.39.

Analyst Upgrades and Downgrades

BBSEY has been the topic of several recent research reports. Zacks Research raised shares of BB Seguridade Participacoes from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Citigroup cut BB Seguridade Participacoes to a “sell” rating in a research note on Friday, September 11th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.