BB Seguridade Participacoes (BBSEY) Expected to Post Earnings on Tuesday

Key Points

• BB Seguridade is expected to report earnings after Tuesday’s market close, with analysts forecasting $0.22 in EPS and $498.02 million in revenue.
• The company’s previous quarter exceeded expectations, reporting $0.25 EPS versus the $0.21 consensus and $508.16 million in revenue versus $489.08 million expected.
• Shares were trading down 9.0% at $8.02, while analyst sentiment remained cautious: three analysts rated the stock Hold and one rated it Sell, resulting in a consensus “Reduce” rating.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) is expected to issue its results after the market closes on Tuesday, November 3rd. Analysts expect the company to announce earnings of $0.22 per share and revenue of $498.02 million for the quarter.

BB Seguridade Participacoes (OTCMKTS:BBSEY - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $508.16 million during the quarter, compared to the consensus estimate of $489.08 million. BB Seguridade Participacoes had a return on equity of 79.22% and a net margin of 87.94%. On average, analysts expect BB Seguridade Participacoes to post $0.87 EPS for the current fiscal year and $0.85 EPS for the next fiscal year.

BB Seguridade Participacoes Trading Down 9.0%

BBSEY stock opened at $8.02 on Tuesday. The firm has a market capitalization of $15.57 billion, a PE ratio of 8.91 and a beta of 0.39. BB Seguridade Participacoes has a 1-year low of $6.00 and a 1-year high of $8.81. The business's 50 day simple moving average is $7.90 and its 200 day simple moving average is $7.39.

Analyst Ratings Changes

Several equities research analysts have issued reports on BBSEY shares. Zacks Research raised BB Seguridade Participacoes from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Citigroup cut shares of BB Seguridade Participacoes to a "sell" rating in a research report on Friday, September 11th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BB Seguridade Participacoes currently 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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