Equities analysts expect Companhia Brasileira de Distribuição (NYSE:CBD – Get Rating) to report $1.56 earnings per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Companhia Brasileira de Distribuição’s earnings. Companhia Brasileira de Distribuição posted earnings of $0.08 per share during the same quarter last year, which suggests a positive year over year growth rate of 1,850%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Companhia Brasileira de Distribuição will report full year earnings of $1.71 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.29 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Companhia Brasileira de Distribuição.
A number of research analysts have commented on the company. Citigroup raised Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 2nd. StockNews.com assumed coverage on Companhia Brasileira de Distribuição in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.00.
Several large investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. raised its stake in shares of Companhia Brasileira de Distribuição by 1.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 342,150 shares of the company’s stock valued at $7,966,000 after acquiring an additional 5,300 shares in the last quarter. Invesco Ltd. increased its position in shares of Companhia Brasileira de Distribuição by 32.0% during the second quarter. Invesco Ltd. now owns 46,191 shares of the company’s stock worth $360,000 after purchasing an additional 11,209 shares in the last quarter. Morgan Stanley increased its position in shares of Companhia Brasileira de Distribuição by 448.4% during the second quarter. Morgan Stanley now owns 706,004 shares of the company’s stock worth $5,500,000 after purchasing an additional 577,271 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Companhia Brasileira de Distribuição during the third quarter valued at $653,000. Finally, Portland Hill Asset Management Ltd purchased a new stake in shares of Companhia Brasileira de Distribuição during the third quarter valued at $146,000. Institutional investors and hedge funds own 4.35% of the company’s stock.
CBD opened at $4.18 on Friday. The stock has a 50-day moving average price of $4.78 and a 200-day moving average price of $4.37. Companhia Brasileira de Distribuição has a 12-month low of $3.37 and a 12-month high of $8.41. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.13 billion, a P/E ratio of 2.90, a PEG ratio of 0.08 and a beta of 0.86.
The company also recently announced an annual dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Monday, May 9th will be issued a $0.061 dividend. The ex-dividend date is Friday, May 6th. This represents a dividend yield of 1.43%. Companhia Brasileira de Distribuição’s dividend payout ratio (DPR) is 6.25%.
Companhia Brasileira de Distribuição Company Profile (Get Rating)
Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of hypermarkets, supermarkets, specialized stores, and department stores in Brazil. It operates in Food Retail, and Ãxito Group segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.
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