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

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

BB Seguridade Participações Stock Up 3.2 %

Shares of OTCMKTS BBSEY opened at $6.09 on Thursday. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 7.25, a PEG ratio of 1.76 and a beta of 1.00. BB Seguridade Participações has a 52-week low of $5.73 and a 52-week high of $7.67. The business’s 50 day moving average is $6.25 and its two-hundred day moving average is $6.25.

BB Seguridade Participações Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, August 20th were issued a $0.2127 dividend. This represents a yield of 3.16%. The ex-dividend date was Monday, August 19th. BB Seguridade Participações’s dividend payout ratio is presently 51.19%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded 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.