Credicorp (BAP) Set to Announce Quarterly Earnings on Thursday

Credicorp (NYSE:BAP) will issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect Credicorp to post earnings of $4.67 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. On average, analysts expect Credicorp to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Credicorp Trading Up 0.2 %

Shares of Credicorp stock traded up $0.29 during trading hours on Tuesday, hitting $181.81. 26,997 shares of the company’s stock traded hands, compared to its average volume of 229,520. Credicorp has a twelve month low of $116.42 and a twelve month high of $193.25. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $180.56 and a 200-day simple moving average of $171.11.

Credicorp Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 23rd were paid a dividend of $2.9084 per share. The ex-dividend date was Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s dividend payout ratio (DPR) is presently 56.03%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group increased their price objective on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.