Itaú Unibanco (ITUB) Projected to Post Quarterly Earnings on Friday

Itaú Unibanco (NYSE:ITUB) is projected to release its earnings data before the market opens on Friday, February 28th. Analysts expect Itaú Unibanco to post earnings of $0.19 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Itaú Unibanco (NYSE:ITUB) last issued its earnings results on Thursday, February 6th. The bank reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. On average, analysts expect Itaú Unibanco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Itaú Unibanco Trading Down 1.3 %

Shares of Itaú Unibanco stock opened at $5.64 on Thursday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The firm has a fifty day moving average price of $5.45 and a 200 day moving average price of $5.95. Itaú Unibanco has a 1 year low of $4.86 and a 1 year high of $7.07. The stock has a market cap of $55.23 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95.

Itaú Unibanco Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, February 19th. This is a positive change from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio (DPR) is currently 2.56%.

Analyst Ratings Changes

ITUB has been the topic of several analyst reports. UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target on the stock in a research report on Monday, January 13th. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $6.90.

About Itaú Unibanco

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.