$0.28 EPS Expected for Itau Unibanco Banco Holding SA (NYSE:ITUB) This Quarter

Wall Street brokerages expect that Itau Unibanco Banco Holding SA (NYSE:ITUB) will announce earnings per share of $0.28 for the current quarter, Zacks reports. Zero analysts have issued estimates for Itau Unibanco Banco Holding SA’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.27. Itau Unibanco Banco Holding SA posted earnings per share of $0.26 during the same quarter last year, which indicates a positive year-over-year growth rate of 7.7%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 1st.

According to Zacks, analysts expect that Itau Unibanco Banco Holding SA will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.04 to $1.17. For the next fiscal year, analysts anticipate that the company will post earnings of $1.15 per share, with EPS estimates ranging from $0.97 to $1.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Itau Unibanco Banco Holding SA.

ITUB has been the subject of several research analyst reports. Zacks Investment Research cut shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Scotiabank upgraded shares of Itau Unibanco Banco Holding SA from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 11th. Finally, ValuEngine upgraded shares of Itau Unibanco Banco Holding SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 19th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $11.50.

Itau Unibanco Banco Holding SA (NYSE ITUB) traded up 1.55% during mid-day trading on Wednesday, reaching $11.14. The company’s stock had a trading volume of 8,557,153 shares. The firm’s 50 day moving average price is $11.10 and its 200 day moving average price is $11.68. Itau Unibanco Banco Holding SA has a 52 week low of $8.66 and a 52 week high of $13.65. The firm has a market capitalization of $72.68 billion, a P/E ratio of 10.27 and a beta of 1.61.

The firm also recently announced a special dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, July 6th will be given a dividend of $0.0045 per share. This is a boost from Itau Unibanco Banco Holding SA’s previous special dividend of $0.00. The ex-dividend date is Monday, July 3rd. This represents a dividend yield of 0.52%. Itau Unibanco Banco Holding SA’s payout ratio is presently 4.66%.

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Several institutional investors have recently made changes to their positions in ITUB. Independence Advisors LLC purchased a new position in shares of Itau Unibanco Banco Holding SA during the second quarter valued at about $2,694,000. Nomura Asset Management Co. Ltd. raised its position in shares of Itau Unibanco Banco Holding SA by 34.1% in the first quarter. Nomura Asset Management Co. Ltd. now owns 125,406 shares of the bank’s stock valued at $1,514,000 after buying an additional 31,859 shares during the period. Boston Common Asset Management LLC raised its position in shares of Itau Unibanco Banco Holding SA by 1.9% in the first quarter. Boston Common Asset Management LLC now owns 333,816 shares of the bank’s stock valued at $4,029,000 after buying an additional 6,210 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Itau Unibanco Banco Holding SA during the first quarter valued at about $3,088,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Itau Unibanco Banco Holding SA by 463.3% in the first quarter. Tower Research Capital LLC TRC now owns 18,211 shares of the bank’s stock valued at $220,000 after buying an additional 14,978 shares during the period. 5.52% of the stock is owned by institutional investors.

Itau Unibanco Banco Holding SA Company Profile

Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.

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