BB Seguridade Participacoes (OTCMKTS:BBSEY) Shares Gap Up - Time to 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%.

Shares of BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) gapped up before the market opened 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 changing hands.

BB Seguridade Participacoes Stock Up 2.9%

The company has a market capitalization of $13.40 billion, a PE ratio of 8.38, a PEG ratio of 2.40 and a beta of 0.64. The firm has a 50-day moving average of $6.42 and a two-hundred day moving average of $6.77.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.