Banco Do Brasil (BDORY) to Release Quarterly Earnings on Wednesday

Banco Do Brasil (OTCMKTS:BDORY) is anticipated to issue its results after the market closes on Wednesday, August 12th. Analysts expect Banco Do Brasil to announce earnings of $0.12 per share and revenue of $7.8481 billion for the quarter.

Banco Do Brasil (OTCMKTS:BDORY) last announced its quarterly earnings data on Wednesday, May 13th. The financial services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%.The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $7.84 billion. On average, analysts expect Banco Do Brasil to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Banco Do Brasil Price Performance

BDORY opened at $4.18 on Wednesday. The company’s 50 day simple moving average is $3.99 and its 200 day simple moving average is $4.43. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.93 and a current ratio of 0.93. Banco Do Brasil has a 1 year low of $3.44 and a 1 year high of $5.47. The stock has a market capitalization of $23.95 billion, a PE ratio of 10.20, a P/E/G ratio of 0.41 and a beta of 0.41.

Analysts Set New Price Targets

A number of research firms have weighed in on BDORY. The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Zacks Research downgraded Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Banco Do Brasil has an average rating of “Sell”.

About Banco Do Brasil

Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.

Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.