BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down - What's Next?

Key Points

• BB Seguridade Participacoes shares gapped down, opening at $6.20 after a previous close of $6.51, and last traded at $6.16, down 5.3%.
• The company reported a net margin of 86.36% and earnings per share of $0.22, exceeding analysts' expectations of $0.19 for the recent quarter.
• BB Seguridade has announced a dividend of $0.3327 per share, with a staggering yield of 1,065.0% and a dividend payout ratio of 90.00%.

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.51, but opened at $6.20. BB Seguridade Participacoes shares last traded at $6.16, with a volume of 460 shares changing hands.

BB Seguridade Participacoes Stock Performance

The company has a market cap of $11.72 billion, a PE ratio of 7.33, a PEG ratio of 2.10 and a beta of 0.64. The company's 50-day simple moving average is $6.37 and its 200 day simple moving average is $6.74.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. BB Seguridade Participacoes had a net margin of 86.36% and a return on equity of 77.96%. The company had revenue of $489.90 million during the quarter, compared to analysts' expectations of $2.65 billion. Analysts forecast that BB Seguridade Participacoes SA will post 0.71 EPS for the current year.

BB Seguridade Participacoes Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.3327 dividend. This represents a yield of 1,065.0%. The ex-dividend date of this dividend is Monday, August 18th. BB Seguridade Participacoes's dividend payout ratio (DPR) is currently 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.