Itaú Unibanco (NYSE:ITUB) Issues Quarterly Earnings Results

Itaú Unibanco (NYSE:ITUB) released its quarterly earnings results on Thursday. The bank reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01), Zacks reports. Itaú Unibanco had a net margin of 12.25% and a return on equity of 19.76%.

Itaú Unibanco Stock Down 1.9 %

NYSE ITUB opened at $5.85 on Friday. Itaú Unibanco has a twelve month low of $4.86 and a twelve month high of $7.27. The stock has a market cap of $57.29 billion, a PE ratio of 7.49, a PEG ratio of 0.67 and a beta of 0.95. The firm has a 50-day simple moving average of $5.32 and a 200 day simple moving average of $5.97. 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 Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.0029 per share. The ex-dividend date is Tuesday, March 4th. Itaú Unibanco’s dividend payout ratio is currently 3.85%.

Wall Street Analyst Weigh In

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

Itaú Unibanco Company Profile

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.