BB Seguridade Participacoes (BBSEY) Projected to Post Quarterly Earnings on Tuesday

Key Points

• BB Seguridade is set to report quarterly results before the market opens on Tuesday, May 5, with analysts forecasting $0.2184 EPS and $484.923 million in revenue.
• In the prior quarter the company beat EPS estimates ($0.22 vs. $0.21) but missed revenue expectations, while showing very high profitability metrics (net margin 87.29% and ROE 80.16%).
• Shares fell 5.4% to $6.87, leaving the stock at a P/E of 8.27 and a $13.33 billion market cap, and analyst coverage is mixed with an average rating of "Hold".

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) will likely be announcing its results before the market opens on Tuesday, May 5th. Analysts expect the company to announce earnings of $0.2184 per share and revenue of $484.9230 million for the quarter.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $486.61 million during the quarter, compared to analyst estimates of $509.09 million. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. On average, analysts expect BB Seguridade Participacoes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

BB Seguridade Participacoes Stock Down 5.4%

Shares of BB Seguridade Participacoes stock traded down $0.40 during midday trading on Tuesday, hitting $6.87. The company had a trading volume of 6,786 shares, compared to its average volume of 128,545. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 8.27 and a beta of 0.39. The company has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $6.67. BB Seguridade Participacoes has a 12-month low of $5.80 and a 12-month high of $8.58.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BBSEY shares. Zacks Research raised shares of BB Seguridade Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 17th. Itau BBA Securities lowered shares of BB Seguridade Participacoes to an "underperform" rating in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a "neutral" rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.

The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).

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