Itaú Unibanco (ITUB) Projected to Post Earnings on Sunday

Itaú Unibanco (NYSE:ITUB) will likely be releasing its earnings data before the market opens on Sunday, February 2nd. Analysts expect Itaú Unibanco to post earnings of $0.20 per share and revenue of $8,100,200.00 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Itaú Unibanco Stock Up 0.1 %

ITUB opened at $5.47 on Friday. The firm’s 50 day simple moving average is $5.33 and its two-hundred day simple moving average is $5.99. The company has a market capitalization of $53.56 billion, a PE ratio of 7.01, a PEG ratio of 0.62 and a beta of 0.95. Itaú Unibanco has a 1-year low of $4.86 and a 1-year high of $7.27. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.28.

Itaú Unibanco Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 4th will be given a $0.0029 dividend. This is a boost from Itaú Unibanco’s previous dividend of $0.00. The ex-dividend date of this dividend is Tuesday, February 4th. Itaú Unibanco’s dividend payout ratio is presently 3.85%.

Analysts Set New Price Targets

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