BB Seguridade Participacoes (OTCMKTS:BBSEY) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

by · The Markets Daily

BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04, Zacks reports. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%.

BB Seguridade Participacoes Stock Performance

Shares of OTCMKTS:BBSEY opened at $8.14 on Tuesday. The firm’s 50 day simple moving average is $7.65 and its 200-day simple moving average is $7.20. BB Seguridade Participacoes has a one year low of $5.80 and a one year high of $8.57. The firm has a market cap of $15.80 billion, a PE ratio of 9.36 and a beta of 0.36.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zacks Research cut BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Itau BBA Securities upgraded BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Check Out Our Latest Stock Analysis on BB Seguridade Participacoes

About BB Seguridade Participacoes

(Get Free Report)

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).

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