Itaú Unibanco (ITUB) to Release Quarterly Earnings on Sunday

Itaú Unibanco (NYSE:ITUB) is anticipated to announce its earnings results before the market opens on Sunday, February 2nd. Analysts expect the company to announce earnings of $0.20 per share and revenue of $8.10 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Itaú Unibanco Trading Down 0.1 %

NYSE ITUB opened at $5.80 on Friday. Itaú Unibanco has a 52 week low of $4.86 and a 52 week high of $7.27. The stock’s 50 day moving average price is $5.31 and its two-hundred day moving average price is $5.98. The stock has a market capitalization of $56.80 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 0.64 and a beta of 0.95. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 4th will be given a dividend of $0.0029 per share. The ex-dividend date of this dividend is Tuesday, February 4th. This is a boost from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is 2.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ITUB shares. Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price target on the stock in a research report on Monday, January 13th. Finally, UBS Group upgraded shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $6.90.

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.