BANCO DO BRASIL/S (OTCMKTS:BDORY) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

BANCO DO BRASIL/S (OTCMKTS:BDORY) announced its quarterly earnings results on Thursday. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01, Zacks reports. The company had revenue of $14.73 billion for the quarter. BANCO DO BRASIL/S had a net margin of 12.34% and a return on equity of 18.68%.

BANCO DO BRASIL/S Price Performance

Shares of BDORY opened at $5.00 on Friday. BANCO DO BRASIL/S has a 12 month low of $3.72 and a 12 month high of $6.23. The stock has a market cap of $28.65 billion, a PE ratio of 4.42, a P/E/G ratio of 1.71 and a beta of 1.03. The stock’s 50-day moving average is $4.42 and its two-hundred day moving average is $4.64.

BANCO DO BRASIL/S Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be given a $0.0408 dividend. The ex-dividend date is Thursday, March 13th. This is a positive change from BANCO DO BRASIL/S’s previous dividend of $0.02. BANCO DO BRASIL/S’s dividend payout ratio (DPR) is 7.96%.

Analyst Ratings Changes

BDORY has been the subject of a number of research analyst reports. Citigroup downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. The Goldman Sachs Group downgraded shares of BANCO DO BRASIL/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th.

About BANCO DO BRASIL/S

Banco do Brasil SA provides banking products and services for individuals, companies, and public sectors in Brazil and internationally. The company's Banking segment offers various products and services, including deposits, loans, and services to retail, wholesale, and public sector markets, as well as to micro-entrepreneurs and the low income population.