BB Seguridade Participacoes (OTCMKTS:BBSEY) Releases Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• BB Seguridade reported quarterly EPS of $0.23, beating analyst estimates of $0.22 by $0.01. Net margin was 87.94%, with return on equity of 79.22%.
• Shares fell 2.0% on Tuesday to $7.35, below the 50-day moving average of $7.95.
• Analyst sentiment is cautious: MarketBeat lists a consensus rating of “Reduce,” with three Hold ratings and one Sell rating.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.01, Zacks reports. BB Seguridade Participacoes had a net margin of 87.94% and a return on equity of 79.22%.

BB Seguridade Participacoes Trading Down 2.0%

OTCMKTS:BBSEY traded down $0.15 on Tuesday, reaching $7.35. The stock had a trading volume of 231,880 shares, compared to its average volume of 140,769. The company has a 50-day moving average of $7.95 and a 200 day moving average of $7.42. The stock has a market cap of $14.27 billion, a P/E ratio of 8.17 and a beta of 0.39. BB Seguridade Participacoes has a 12-month low of $6.01 and a 12-month high of $8.81.

Analyst Ratings Changes

BBSEY has been the topic of a number of research reports. Citigroup downgraded shares of BB Seguridade Participacoes to a "sell" rating in a research note on Friday, September 11th. Zacks Research upgraded BB Seguridade Participacoes from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, BB Seguridade Participacoes has a consensus rating of "Reduce".

BB Seguridade Participacoes Company Profile

BB Seguridade Participações SA is a Brazilian holding company controlled by Banco do Brasil that operates in the insurance, brokerage, private pension and related financial-protection sectors. Through its subsidiaries and strategic partnerships, the company offers products designed for individuals, businesses and rural customers.

Its activities include the distribution and intermediation of insurance products through BB Corretora, as well as participation in companies that provide life, property, rural and other insurance products.

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