BB Seguridade Participações (OTCMKTS:BBSEY) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

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

BB Seguridade Participações Trading Down 1.3 %

OTCMKTS:BBSEY traded down $0.08 during trading hours on Friday, hitting $6.01. 11,699 shares of the stock traded hands, compared to its average volume of 75,074. The firm has a market cap of $12.02 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 1.78 and a beta of 1.00. The firm has a 50 day moving average price of $6.24 and a 200 day moving average price of $6.25. BB Seguridade Participações has a fifty-two week low of $5.73 and a fifty-two week high of $7.67.

BB Seguridade Participações Dividend Announcement

The company also recently disclosed 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. This represents a yield of 3.16%. The ex-dividend date of this dividend was Monday, August 19th. BB Seguridade Participações’s payout ratio is 50.59%.

Analyst Upgrades and Downgrades

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.

BB Seguridade Participações Company Profile

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.