Itaú Unibanco (NYSE:ITUB – Get Free Report) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Itaú Unibanco (NYSE:ITUB – Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The bank reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The business had revenue of $8.49 billion during the quarter, compared to analysts’ expectations of $8.34 billion. Itaú Unibanco had a return on equity of 18.73% and a net margin of 11.09%. On average, analysts expect Itaú Unibanco to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Itaú Unibanco Stock Performance
Itaú Unibanco stock traded down $0.03 during midday trading on Tuesday, hitting $6.08. 7,089,389 shares of the company were exchanged, compared to its average volume of 17,091,951. The business has a fifty day simple moving average of $6.03 and a two-hundred day simple moving average of $6.43. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market capitalization of $59.59 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.75 and a beta of 0.97. Itaú Unibanco has a fifty-two week low of $5.12 and a fifty-two week high of $7.27.
Itaú Unibanco Increases Dividend
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley upgraded shares of Itaú Unibanco from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th.
Check Out Our Latest Report on ITUB
About Itaú Unibanco
Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.
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