BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Down 0.5% - Time to Sell?

Key Points

• BB Seguridade Participacoes shares fell 0.5% to $6.13, with trading volume significantly higher at 136,147 shares compared to the average of 60,590 shares.
• In its recent quarterly earnings, the company reported $0.22 EPS, surpassing estimates, although revenue fell short at $489.90 million against expectations of $2.65 billion.
• BB Seguridade recently paid a dividend of $0.3327 with a high yield of 1,065%, but also has a dividend payout ratio of 83.75%.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) dropped 0.5% on Thursday . The company traded as low as $6.11 and last traded at $6.13. Approximately 136,147 shares traded hands during mid-day trading, an increase of 125% from the average daily volume of 60,590 shares. The stock had previously closed at $6.16.

BB Seguridade Participacoes Price Performance

The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 2.22 and a beta of 0.63. The stock has a fifty day moving average of $6.17 and a two-hundred day moving average of $6.55.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $489.90 million during the quarter, compared to the consensus estimate of $2.65 billion. BB Seguridade Participacoes had a return on equity of 79.42% and a net margin of 86.36%. On average, research analysts forecast that BB Seguridade Participacoes SA will post 0.71 EPS for the current year.

BB Seguridade Participacoes Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were issued a $0.3327 dividend. This represents a yield of 1,065.0%. The ex-dividend date was Monday, August 18th. BB Seguridade Participacoes's dividend payout ratio is presently 83.75%.

About BB Seguridade Participacoes

BB Seguridade Participações SA, through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil. The company operates through Security and Brokerage segments. The Security segment offers life, property, rural, special risks and financial, transport, hulls, and housing people insurance products.

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