Equity analysts expect Companhia Brasileira de Distribuição (NYSE: CBD – Get a rating) to report earnings per share of $1.56 for the current quarter, according to Zacks. Zero analysts provided earnings estimates for Companhia Brasileira de Distribuição. Companhia Brasileira de Distribuição reported earnings of $0.08 per share in the same quarter last year, suggesting a positive growth rate of 1,850% year-over-year. The company is due to release its next earnings report on Monday, January 1.
On average, analysts expect Companhia Brasileira de Distribuição to report annual earnings of $1.71 per share for the current year. For the next fiscal year, analysts expect the company to 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 upgraded Companhia Brasileira de Distribuição from a “neutral” rating to a “buy” rating in a Wednesday, March 2 research report. StockNews.com supposed coverage of the Companhia Brasileira de Distribuição in a research note from Thursday, March 31. They issued a “Strong Buy” rating on the stock. One research analyst rated the stock with a sell rating, one gave the company a hold rating, two issued a buy rating and one gave the company’s stock a strong buy rating. 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 changed their positions in the company. Amundi Pioneer Asset Management Inc. increased its stake in the 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 valued at $7,966,000 after acquiring an additional 5,300 shares 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 worth $360,000 after purchasing an additional 11,209 shares 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 worth $5,500,000 after buying an additional 577,271 shares last quarter. Van ECK Associates Corp purchased a new equity stake in Companhia Brasileira de Distribuição during the third quarter at a value of $653,000. Finally, Portland Hill Asset Management Ltd purchased a new equity stake in Companhia Brasileira de Distribuição during the third quarter valued at $146,000. Institutional investors and hedge funds hold 4.35% of the company’s shares.
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 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 22. Shareholders of record on Monday, May 9 will receive a dividend of $0.061. The ex-dividend date is Friday, May 6. This represents a dividend yield of 1.43%. The dividend payout ratio (DPR) of Companhia Brasileira de Distribuição is 6.25%.
Company Profile Companhia Brasileira de Distribuição (Get a rating)
Companhia Brasileira de Distribuição engages in the retail sale of food, clothing, appliances, electronics and other products through its chain of hypermarkets, supermarkets, specialty stores and department stores in Brazil. It operates in the food distribution and Ãxito group segments. The company sells non-perishable food, beverages, fruits, vegetables, meat, bread, deli meats, dairy products, cleaning products, disposables and personal care products; and household appliances and other non-food items, such as baby clothes and items, shoes and accessories, housewares, books, magazines, CDs and DVDs, stationery, toys, sports and camping equipment, furniture, cell phones, mattresses, pet products, and gardening equipment and tools, and electronic products, including personal computers, software, computer accessories, and sound and image systems.
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