BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up - Still a Buy?

Key Points

• BB Seguridade Participacoes shares opened higher at $6.75 after closing at $6.51, indicating a gap-up in early trading.
• The company reported $0.22 EPS for the recent quarter, exceeding analyst expectations of $0.19.
• BB Seguridade operates within the insurance, pension plans, and bonds sectors in Brazil, reporting a significant net margin of 86.36%.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $6.51, but opened at $6.75. BB Seguridade Participacoes shares last traded at $6.57, with a volume of 4,688 shares trading hands.

BB Seguridade Participacoes Price Performance

The stock's 50 day simple moving average is $6.41 and its two-hundred day simple moving average is $6.76. The stock has a market capitalization of $11.90 billion, a PE ratio of 7.44, a PEG ratio of 2.35 and a beta of 0.64.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $489.90 million for the quarter, compared to the consensus estimate of $2.65 billion. BB Seguridade Participacoes had a return on equity of 77.96% and a net margin of 86.36%. As a group, equities research analysts predict that BB Seguridade Participacoes SA will post 0.71 earnings per share for the current fiscal year.

BB Seguridade Participacoes Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be given a $0.3327 dividend. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 1,065.0%. BB Seguridade Participacoes's payout ratio is 90.00%.

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.