BB Seguridade Participações (OTCMKTS:BBSEY) Posts Quarterly Earnings Results

BB Seguridade Participações (OTCMKTS:BBSEY) released its quarterly earnings results on Tuesday. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03, Yahoo Finance reports. The company had revenue of $474.21 million for the quarter. BB Seguridade Participações had a return on equity of 78.54% and a net margin of 85.25%.

BB Seguridade Participações Stock Performance

Shares of OTCMKTS:BBSEY traded down $0.08 during trading on Friday, reaching $6.01. The company had a trading volume of 11,699 shares, compared to its average volume of 75,074. The firm’s fifty day moving average is $6.24 and its 200 day moving average is $6.25. The firm has a market capitalization of $12.02 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. BB Seguridade Participações has a twelve month low of $5.73 and a twelve month high of $7.67.

BB Seguridade Participações Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.2127 per share. The ex-dividend date was Monday, August 19th. This represents a dividend yield of 3.16%. BB Seguridade Participações’s dividend payout ratio (DPR) is 50.59%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 30th.

About BB Seguridade Participações

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.