Banco Bradesco (BBD) Expected to Announce Earnings on Wednesday

Banco Bradesco (NYSE:BBD) is projected to announce its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $31.54 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Banco Bradesco Stock Performance

NYSE BBD opened at $2.12 on Tuesday. Banco Bradesco has a 12-month low of $1.84 and a 12-month high of $3.36. The firm has a 50-day moving average price of $2.00 and a two-hundred day moving average price of $2.38. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $22.51 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.26 and a beta of 0.94.

Banco Bradesco Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 5th will be paid a $0.0031 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.04 annualized dividend and a dividend yield of 1.76%. Banco Bradesco’s payout ratio is 7.69%.

Analyst Upgrades and Downgrades

BBD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Banco Bradesco from an “overweight” rating to a “neutral” rating in a research report on Monday, November 25th. HSBC upgraded Banco Bradesco from a “hold” rating to a “buy” rating and set a $2.80 price objective on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their target price on Banco Bradesco from $3.20 to $2.30 and set a “buy” rating for the company in a research report on Friday, January 10th.

Banco Bradesco Company Profile

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.