Banco Do Brasil (BDORY) Projected to Post Quarterly Earnings on Wednesday

Key Points

• Banco Do Brasil will release its quarterly earnings on Wednesday, August 6th, with analysts predicting earnings of $0.22 per share.
• In its last quarterly report, Banco Do Brasil reported $0.22 earnings per share, missing the expectation of $0.29, while achieving a revenue of $6.83 billion.
• The company has decreased its dividend payout, recently issuing a dividend of $0.0104 per share, reflecting a dividend yield of 7.45%.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Banco Do Brasil (OTCMKTS:BDORY - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $6.83 billion during the quarter, compared to analysts' expectations of $4.74 billion. Banco Do Brasil had a net margin of 11.78% and a return on equity of 18.72%.

Banco Do Brasil Trading Down 3.4%

Shares of OTCMKTS:BDORY traded down $0.12 during mid-day trading on Friday, reaching $3.43. 2,175,084 shares of the company were exchanged, compared to its average volume of 831,374. The company has a debt-to-equity ratio of 5.97, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 3.30, a P/E/G ratio of 1.65 and a beta of 0.59. The firm's 50-day simple moving average is $3.96 and its 200 day simple moving average is $4.56. Banco Do Brasil has a 1 year low of $3.35 and a 1 year high of $5.51.

Banco Do Brasil Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were given a dividend of $0.0104 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a dividend yield of 745.0%. Banco Do Brasil's dividend payout ratio (DPR) is presently 5.77%.

Analysts Set New Price Targets

Separately, Bradesco Corretora cut shares of Banco Do Brasil to a "neutral" rating in a research report on Friday, May 16th.

About Banco Do Brasil

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.