Itau Unibanco Holding S.A. (NYSE: ITUB) stock jumped 2.30% on Friday to $4.44 against a previous-day closing price of $4.34. With 60.96 million shares changed hands, the volume of the stock remained heavier than its average volume of 50.82 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $4.4600 whereas the lowest price it dropped to was $4.3600. The 52-week range on ITUB shows that it touched its highest point at $5.88 and its lowest point at $3.58 during that stretch. It currently has a 1-year price target of $5.81. With its current market cap of 41.23 billion, ITUB has annualized dividend of $0.09 while the current yield stands at 2.00%. Beta for the stock currently stands at 0.86.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ITUB was up-trending over the past week, with a rise of 4.23%, but this was down by -0.59% over a month. Three-month performance dropped to -9.37% while six-month performance rose 1.58%. The stock lost -4.23% in the past year, while it has gained 18.92% so far this year. A look at the trailing 12-month EPS for ITUB yields 0.51 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.14. This implies an EPS growth rate of 41.20% for this year and 5.00% for next year. EPS is expected to grow by 21.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.40%.
Float and Shares Shorts:
At present, 9.79 billion ITUB shares are outstanding with a float of 5.28 billion shares on hand for trading. On Apr 28, 2022, short shares totaled 45.41 million, which was 0.46% higher than short shares on Mar 30, 2022. In addition to Mr. Milton Maluhy Filho as the firm’s CEO & Member of Exec. Board, Mr. Alexsandro Broedel Lopes serves as its CFO & Member of Exec. Board.
Through their ownership of 22.53% of ITUB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.16% of ITUB, in contrast to 13.64% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in ITUB with 1.89% of the stake, Schroder Investment Management Lt holds 91,386,843 shares worth 91,386,843. A second-largest stockholder of ITUB, Goldman Sachs & Co. LLC, holds 86,578,544 shares, controlling over 1.79% of the firm’s shares. Orbis Investment Management Ltd. is the third largest shareholder in ITUB, holding 81,494,336 shares or 1.68% stake. With a 0.46% stake in ITUB, the Schroder ISF – Emerging Markets is the largest stakeholder. A total of 22,218,257 shares are owned by the mutual fund manager. The Hartford Schroders Emerging Marke, which owns about 0.45% of ITUB stock, is the second-largest Mutual Fund holder. It holds 21,802,795 shares valued at 93.32 million. Templeton Emerging Markets Invest holds 0.42% of the stake in ITUB, owning 20,385,276 shares worth 87.25 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ITUB since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ITUB analysts setting a high price target of $7.20 and a low target of $5.00, the average target price over the next 12 months is $5.73. Based on these targets, ITUB could surge 62.16% to reach the target high and rise by 12.61% to reach the target low. Reaching the average price target will result in a growth of 29.05% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ITUB will report FY 2022 earnings on 02/06/2023. Analysts have provided yearly estimates in a range of $0.64 being high and $0.56 being low. For ITUB, this leads to a yearly average estimate of $0.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Itau Unibanco Holding S.A. surprised analysts by -$0.01 when it reported $0.13 EPS against a consensus estimate of $0.15. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.14. The average estimate for the next quarter is thus $0.15.