BB Seguridade Participações (OTCMKTS:BBSEY) Issues Earnings Results

BB Seguridade Participações (OTCMKTS:BBSEY) issued its earnings results on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03, Yahoo Finance reports. BB Seguridade Participações had a net margin of 85.25% and a return on equity of 78.54%. The company had revenue of $474.21 million during the quarter.

BB Seguridade Participações Stock Performance

BBSEY opened at $6.09 on Thursday. The company has a 50-day moving average of $6.25 and a 200-day moving average of $6.25. The company has a market capitalization of $12.18 billion, a P/E ratio of 7.25, a PEG ratio of 1.76 and a beta of 1.00. BB Seguridade Participações has a 1-year low of $5.73 and a 1-year high of $7.67.

BB Seguridade Participações Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, September 9th. Investors of record on Tuesday, August 20th were paid a dividend of $0.2127 per share. This represents a yield of 3.16%. The ex-dividend date of this dividend was Monday, August 19th. BB Seguridade Participações’s dividend payout ratio (DPR) is 51.19%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of BB Seguridade Participações from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 30th.

About BB Seguridade Participações

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.