$0.20 EPS Expected for Banco Bradesco SA (BBD) This Quarter

Analysts expect Banco Bradesco SA (NYSE:BBD) to announce $0.20 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Banco Bradesco’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.22. Banco Bradesco posted earnings of $0.23 per share during the same quarter last year, which would suggest a negative year over year growth rate of 13%. The business is expected to issue its next earnings report on Thursday, February 7th.

On average, analysts expect that Banco Bradesco will report full year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $0.84. For the next fiscal year, analysts anticipate that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.81 to $0.86. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Banco Bradesco.

Banco Bradesco (NYSE:BBD) last released its quarterly earnings data on Thursday, November 1st. The bank reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $8.44 billion for the quarter. Banco Bradesco had a return on equity of 17.38% and a net margin of 14.27%.

BBD has been the topic of a number of recent analyst reports. ValuEngine raised Banco Bradesco from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Zacks Investment Research upgraded Banco Bradesco from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Monday, October 1st. Finally, Morgan Stanley upgraded Banco Bradesco from an “underweight” rating to an “equal weight” rating in a report on Friday, November 9th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in BBD. Standard Life Aberdeen plc increased its position in shares of Banco Bradesco by 20.1% during the 2nd quarter. Standard Life Aberdeen plc now owns 165,169,076 shares of the bank’s stock valued at $1,133,886,000 after purchasing an additional 27,683,861 shares during the last quarter. BlackRock Inc. raised its position in shares of Banco Bradesco by 23.4% in the 2nd quarter. BlackRock Inc. now owns 39,233,633 shares of the bank’s stock worth $269,143,000 after acquiring an additional 7,441,386 shares in the last quarter. Capital Growth Management LP raised its position in shares of Banco Bradesco by 66.2% in the 3rd quarter. Capital Growth Management LP now owns 14,915,000 shares of the bank’s stock worth $105,598,000 after acquiring an additional 5,940,000 shares in the last quarter. Man Group plc raised its position in shares of Banco Bradesco by 345.1% in the 3rd quarter. Man Group plc now owns 7,012,059 shares of the bank’s stock worth $49,645,000 after acquiring an additional 5,436,559 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Banco Bradesco by 190.8% in the 2nd quarter. Sei Investments Co. now owns 6,417,040 shares of the bank’s stock worth $44,021,000 after acquiring an additional 4,210,184 shares in the last quarter. Institutional investors and hedge funds own 3.31% of the company’s stock.

Shares of BBD stock opened at $9.62 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.13 and a debt-to-equity ratio of 0.85. The stock has a market cap of $64.39 billion, a PE ratio of 10.81, a PEG ratio of 0.62 and a beta of 1.14. Banco Bradesco has a 12 month low of $6.49 and a 12 month high of $13.18.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 9th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.004 per share. The ex-dividend date is Tuesday, December 4th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.50%. Banco Bradesco’s payout ratio is 5.62%.

About Banco Bradesco

Banco Bradesco SA provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. The company accepts checking and savings accounts, time deposits, interbank deposits from financial institutions, and accounts for salary purposes.

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