Brokers expect Companhia Brasileira de Distribuição (NYSE: CBD) to post earnings per share of $ 0.05 for the current quarter, Zacks reports. Zero analysts have given estimates for Companhia Brasileira de Distribuição’s earnings. Companhia Brasileira de Distribuição reported earnings per share of $ 0.23 for the same quarter last year, indicating a negative year-over-year growth rate of 121.7%. The company is expected to release its next quarterly results on Wednesday, December 8th.
On average, analysts expect Companhia Brasileira de Distribuição to post annual earnings of USD 1.00 per share for the current year, with EPS estimates ranging between USD 0.18 and USD 1.82. For the next fiscal year, analysts predict the company will post earnings of $ 0.24 per share, with EPS estimates ranging between $ 0.21 and $ 0.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms following Companhia Brasileira de Distribuição.
Several equity research analysts recently rated the company. On Monday, September 20th, Bank of America downgraded Companhia Brasileira de Distribuição from a “neutral” rating to an “underperform” rating in a research release. Zacks Investment Research upgraded Companhia Brasileira de Distribuição from a “Sell” rating to a “Hold” rating and set a price target of USD 6.00 for the company in a research release on Tuesday, October 19. An investment analyst has rated the stock with a sell rating, three with a hold rating and one with a buy rating. According to data from MarketBeat, the stock currently has an average “hold” rating and an average price target of $ 6.00.
CBD was up $ 0.13 on Wednesday to hit $ 4.16. The stock had a trading volume of 910,837 shares versus an average volume of 1,575,277. The company has a market capitalization of $ 1.12 billion, a price to earnings ratio of 2.89, a price to earnings growth ratio of 0.12, and a beta of 0.96. The company has a 50-day moving average of $ 4.47 and a 200-day moving average of $ 5.79. The company has a current metric of 1.00, a quick ratio of 0.54 and debt of 0.47. Companhia Brasileira de Distribuição has a 52-week low of $ 3.34 and a 52-week high of $ 8.41.
A number of hedge funds and other institutional investors recently added or reduced their stakes in the stock. Crossmark Global Holdings Inc. increased its stake in Companhia Brasileira de Distribuição by 5.7% in the third quarter. Crossmark Global Holdings Inc. now owns 981,157 shares in the company valued at $ 4,621,000 after purchasing an additional 52,889 shares during the period. Morgan Stanley increased its stake in Companhia Brasileira de Distribuição by 448.4% in the second quarter. Morgan Stanley now owns 706,004 shares in the company valued at $ 5,500,000 after purchasing an additional 577,271 shares during the reporting period. Renaissance Technologies LLC increased its stake in Companhia Brasileira de Distribuição by 153.3% in the third quarter. Renaissance Technologies LLC now owns 646,495 shares of the company valued at $ 3,045,000 after purchasing an additional 391,295 shares during the period. Amundi acquired a new stake in Companhia Brasileira de Distribuição valued at approximately $ 3,779,000 in the second quarter. Finally, State Street Corp increased its stake in Companhia Brasileira de Distribuição by 47.8% in the second quarter. State Street Corp now owns 411,575 shares in the company valued at $ 3,206,000 after purchasing an additional 133,200 shares during the reporting period. 4.83% of the shares are owned by institutional investors and hedge funds.
Company profile of the Brazilian sales company
Companhia Brasileira de Distribuição is a retailer of food, clothing, home appliances and other products through its chain of hypermarkets and supermarkets. It operates in the food retail and cash and carry segments. The food retail segment sells food and non-food products to individual consumers.
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