Itaú Unibanco (ITUB) to Release Quarterly Earnings on Sunday

Itaú Unibanco (NYSE:ITUB) will likely be issuing its quarterly earnings data 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 participating in the company’s conference call can do so using this link.

Itaú Unibanco Stock Up 2.4 %

NYSE:ITUB opened at $5.80 on Friday. Itaú Unibanco has a twelve month low of $4.86 and a twelve month high of $7.27. The firm has a market capitalization of $56.80 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. The stock’s 50 day moving average price is $5.31 and its two-hundred day moving average price is $5.98.

Itaú Unibanco Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 4th will be paid a $0.0029 dividend. 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 (DPR) is currently 3.85%.

Analyst Upgrades and Downgrades

ITUB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. UBS Group raised Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Hsbc Global Res raised Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Finally, HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective on the stock in a report on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Itaú Unibanco 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.