Wall Street brokerages forecast that Credicorp Ltd. (NYSE:BAP) will post earnings of $3.93 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Credicorp’s earnings. Credicorp reported earnings of $4.11 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.4%. The firm is expected to report its next earnings results on Monday, February 4th.
On average, analysts expect that Credicorp will report full-year earnings of $15.77 per share for the current year, with EPS estimates ranging from $15.71 to $15.83. For the next year, analysts anticipate that the company will post earnings of $17.74 per share, with EPS estimates ranging from $17.65 to $17.83. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Credicorp.
Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 8th. The bank reported $3.85 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.15). The firm had revenue of $982.21 million during the quarter. Credicorp had a net margin of 25.82% and a return on equity of 18.21%.
A number of equities analysts have weighed in on the stock. Itau BBA Securities raised shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $274.00 price objective for the company in a research report on Friday. UBS Group raised shares of Credicorp from a “market perform” rating to an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $259.33.
Several hedge funds have recently modified their holdings of BAP. Cornerstone Wealth Management LLC bought a new position in shares of Credicorp during the second quarter worth about $157,000. Henry James International Management Inc. bought a new position in shares of Credicorp during the third quarter worth about $205,000. Tower Research Capital LLC TRC bought a new position in shares of Credicorp during the third quarter worth about $241,000. American International Group Inc. bought a new position in shares of Credicorp during the third quarter worth about $260,000. Finally, Atria Investments LLC bought a new position in shares of Credicorp during the third quarter worth about $272,000. 66.36% of the stock is currently owned by institutional investors and hedge funds.
NYSE:BAP traded down $1.22 on Friday, reaching $220.82. The stock had a trading volume of 172,299 shares, compared to its average volume of 151,894. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $17.76 billion, a P/E ratio of 14.03, a PEG ratio of 1.31 and a beta of 0.81. Credicorp has a 12-month low of $189.69 and a 12-month high of $239.54.
Credicorp Company Profile
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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