BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up: BB Seguridade opened at $6.6450 on Monday vs. a prior close of $6.35 and last traded at $6.5940 on volume of 47,922 shares.
• Analyst action: The Goldman Sachs Group downgraded the stock to "neutral," and MarketBeat shows a consensus rating of Hold (two analysts rated the stock Hold).
• Quarterly results mixed: Q results showed EPS of $0.22 (beating the $0.21 estimate) but revenue of $486.61M missed the $509.09M estimate, while net margin (87.29%) and ROE (80.16%) remained very high.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $6.35, but opened at $6.6450. BB Seguridade Participacoes shares last traded at $6.5940, with a volume of 47,922 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of BB Seguridade Participacoes to a "neutral" rating in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, BB Seguridade Participacoes currently has a consensus rating of "Hold".

BB Seguridade Participacoes Price Performance

The business's 50 day moving average price is $6.95 and its 200 day moving average price is $6.55. The stock has a market capitalization of $13.16 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 2.39 and a beta of 0.35.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last issued its earnings results on Monday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. BB Seguridade Participacoes had a net margin of 87.29% and a return on equity of 80.16%. The company had revenue of $486.61 million for the quarter, compared to analysts' expectations of $509.09 million. As a group, analysts forecast that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

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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