Itaú Unibanco (NYSE:ITUB) Posts Earnings Results, Misses Estimates By $0.01 EPS

Itaú Unibanco (NYSE:ITUB) issued its earnings results on Thursday. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01), Zacks reports. Itaú Unibanco had a net margin of 12.33% and a return on equity of 19.72%.

Itaú Unibanco Price Performance

ITUB traded up $0.01 during midday trading on Thursday, hitting $5.94. The stock had a trading volume of 26,300,275 shares, compared to its average volume of 25,266,266. Itaú Unibanco has a 1 year low of $4.86 and a 1 year high of $7.27. The company has a market cap of $58.25 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.65 and a beta of 0.94. The business has a fifty day moving average of $5.30 and a 200 day moving average of $5.97. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75.

Itaú Unibanco Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 4th will be paid a $0.0029 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. Itaú Unibanco’s dividend payout ratio is presently 3.85%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.