Banco Bradesco (BBD) to Release Earnings on Monday

Banco Bradesco (NYSE:BBD) will post its quarterly earnings results before the market opens on Monday, August 5th. Analysts expect Banco Bradesco to post earnings of $0.08 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Thursday, May 2nd. The bank reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $9.64 billion during the quarter. Banco Bradesco had a net margin of 6.70% and a return on equity of 9.55%. On average, analysts expect Banco Bradesco to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Banco Bradesco Price Performance

Shares of NYSE:BBD opened at $2.21 on Friday. The firm has a 50 day moving average of $2.33 and a 200-day moving average of $2.64. The stock has a market capitalization of $23.56 billion, a PE ratio of 9.61, a PEG ratio of 0.24 and a beta of 0.97. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. Banco Bradesco has a 12 month low of $2.16 and a 12 month high of $3.65.

Banco Bradesco Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Monday, August 5th will be given a $0.0035 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, August 5th. Banco Bradesco’s payout ratio is presently 13.04%.

About Banco Bradesco

Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.