BB Seguridade Participacoes (OTCMKTS:BBSEY) Trading Down 2.8% - What's Next?

Key Points

• BB Seguridade Participacoes' share price dropped 2.8% to $6.51, with trading volume significantly down by 61% from the average.
• The company recently reported $0.22 EPS for the last quarter, surpassing the consensus estimate, but its revenue fell short at $489.90 million against expectations of $2.65 billion.
• A dividend of $0.3327 per share has been declared, reflecting a notable yield of 1,065%, with a payout ratio of 90%.

BB Seguridade Participacoes SA (OTCMKTS:BBSEY - Get Free Report) shares traded down 2.8% on Friday . The company traded as low as $6.43 and last traded at $6.51. 27,124 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 70,158 shares. The stock had previously closed at $6.70.

BB Seguridade Participacoes Stock Performance

The stock's 50 day simple moving average is $6.39 and its two-hundred day simple moving average is $6.75. The firm has a market capitalization of $11.80 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 2.15 and a beta of 0.64.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last released its earnings results 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 net margin of 86.36% and a return on equity of 77.96%. The business had revenue of $489.90 million for the quarter, compared to analyst estimates of $2.65 billion. Equities research analysts expect 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 announced a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be paid 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 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.