Itaú Unibanco (ITUB) to Release Quarterly Earnings on Friday

Itaú Unibanco (NYSE:ITUB) will likely be posting its quarterly earnings results before the market opens on Friday, February 28th. Analysts expect Itaú Unibanco to post earnings of $0.19 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Itaú Unibanco (NYSE:ITUB) last posted its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. 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 Price Performance

ITUB stock opened at $5.76 on Friday. The business’s 50-day moving average is $5.41 and its two-hundred day moving average is $5.96. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. Itaú Unibanco has a 1 year low of $4.86 and a 1 year high of $7.23. The firm has a market capitalization of $56.40 billion, a P/E ratio of 7.38, a P/E/G ratio of 0.94 and a beta of 0.95.

Itaú Unibanco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be given a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Itaú Unibanco’s previous dividend of $0.00. Itaú Unibanco’s dividend payout ratio is currently 3.85%.

Wall Street Analysts Forecast Growth

ITUB has been the topic of several research analyst reports. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a research report on Friday, January 17th. HSBC upgraded 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. Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target 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.