BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Down - Should You Sell?

Key Points

• BB Seguridade Participacoes SA's shares fell from $6.55 to $6.33, representing a downward shift of 4.5% prior to trading on Wednesday.
• The company recently reported quarterly earnings of $0.22 per share, beating expectations, but its revenue of $489.90 million fell short of the anticipated $2.65 billion.
• BB Seguridade participated in a dividend payout on September 3rd, which yielded an impressive 1,065.0% despite a significant payout ratio of 83.75%.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.55, but opened at $6.33. BB Seguridade Participacoes shares last traded at $6.33, with a volume of 7,569 shares.

BB Seguridade Participacoes Trading Down 4.5%

The firm's 50 day simple moving average is $6.15 and its two-hundred day simple moving average is $6.61. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 2.27 and a beta of 0.68.

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

BB Seguridade Participacoes Cuts Dividend

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

BB Seguridade Participacoes Company Profile

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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