In recent trading session, Banco Bradesco S.A. ADR (NYSE:BBD) saw 8.12 million shares changing hands at last check today with its beta currently measuring 0.94. Company’s recent per share price level of $2.80 trading at $0.04 or 1.45% at last check today assigns it a market valuation of $14.83B. That most recent trading price of BBD’s stock is at a discount of -21.79% from its 52-week high price of $3.41 and is indicating a premium of 23.21% from its 52-week low price of $2.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 31.48 million shares which gives us an average trading volume of 20.52 million if we extend that period to 3-months.
For Banco Bradesco S.A. ADR (BBD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.09 in the current quarter.
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Banco Bradesco S.A. ADR (NYSE:BBD) trade information
Upright in the green today for gaining 1.45%, in the last five days BBD remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $2.80 price level, adding 0.36% to its value on the day. Banco Bradesco S.A. ADR’s shares saw a change of -16.59% in year-to-date performance and have moved 8.95% in past 5-day. Banco Bradesco S.A. ADR (NYSE:BBD) showed a performance of 19.85% in past 30-days. Number of shares sold short was 45.55 million shares which calculate 2.04 days to cover the short interests.
Banco Bradesco S.A. ADR (BBD) estimates and forecasts
Statistics highlight that Banco Bradesco S.A. ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company added 8.68% of value to its shares in past 6 months, showing an annual growth rate of 16.67% while that of industry is 3.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.50% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.66B for the same. And 2 analysts are in estimates of company making revenue of 5.96B in the next quarter. Company posted 4.38B and 5.21B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.30% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 5.40% while estimates for its earnings growth in next 5 years are of 27.70%.
BBD Dividends
Banco Bradesco S.A. ADR is more likely to be releasing its next quarterly report on 2024-Oct-31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.13%, the share has a forward dividend of 0.00 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.92%.
Banco Bradesco S.A. ADR (NYSE:BBD)’s Major holders
BLACKROCK INC. is the top institutional holder at BBD for having 83.15 million shares of worth $237.82 million. And as of 2024-03-31, it was holding 0.783 of the company’s outstanding shares.
The second largest institutional holder is SPRUCEGROVE INVESTMENT MANAGEMENT LTD, which was holding about 73.94 million shares on 2024-03-31. The number of shares represents firm’s hold over 0.6963 of outstanding shares, having a total worth of $211.47 million.
On the other hand, Vanguard International Value Fund and MFS Series Trust X-MFS Emerging Markets Equity Fund are the top two Mutual Funds which own company’s shares. As of Apr 30, 2024, the former fund manager was holding 35.18 shares of worth $98.69 million or 0.66% of the total outstanding shares. The later fund manager was in possession of 29.43 shares on May 31, 2024, making its stake of worth around $82.55 million in the company or a holder of 0.55% of company’s stock.
