BB Seguridade Participacoes (OTCMKTS:BBSEY – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04, Zacks reports. BB Seguridade Participacoes had a return on equity of 79.64% and a net margin of 87.73%.
BB Seguridade Participacoes Stock Up 0.3%
Shares of BBSEY stock opened at $8.14 on Tuesday. The stock has a market cap of $15.80 billion, a P/E ratio of 9.36 and a beta of 0.36. BB Seguridade Participacoes has a 52 week low of $5.80 and a 52 week high of $8.57. The company’s fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $7.20.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BBSEY. Zacks Research lowered BB Seguridade Participacoes from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Itau BBA Securities raised BB Seguridade Participacoes from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.
BB Seguridade Participacoes Company Profile
BB Seguridade Participações SA is a leading Brazilian insurance and pension holding company, primarily focused on the design, underwriting and distribution of risk protection and retirement solutions. As a publicly traded subsidiary of Banco do Brasil, BB Seguridade operates through a network of specialized businesses that serve both individual and institutional clients across Brazil.
The company’s main offerings are delivered via its core subsidiaries: Brasilprev (private pension and savings plans), BB Mapfre (property & casualty insurance), Brasilveículos (auto warranty and mechanical protection), Brasilcap (surety bonds) and BB Seguros (life, rural and personal accident insurance).
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