Intercorp Financial Services (IFS) to Release Earnings on Monday

Intercorp Financial Services (NYSE:IFS) will be announcing its earnings results after the market closes on Monday, May 13th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Intercorp Financial Services (NYSE:IFS) last released its quarterly earnings data on Monday, February 12th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.40. The firm had revenue of $426.13 million during the quarter, compared to analysts’ expectations of $430.96 million. Intercorp Financial Services had a net margin of 17.52% and a return on equity of 11.20%. On average, analysts expect Intercorp Financial Services to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Intercorp Financial Services Stock Performance

Shares of NYSE IFS opened at $21.65 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day simple moving average of $24.85 and a 200-day simple moving average of $22.61. Intercorp Financial Services has a 1 year low of $17.94 and a 1 year high of $30.59.

Intercorp Financial Services Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 18th were given a $1.00 dividend. The ex-dividend date was Wednesday, April 17th. This represents a yield of 4.18%. Intercorp Financial Services’s dividend payout ratio is currently 38.15%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their target price on Intercorp Financial Services from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th.

Insider Activity

In related news, major shareholder Peru Ltd Intercorp purchased 437,369 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of $19.60 per share, with a total value of $8,572,432.40. Following the completion of the acquisition, the insider now directly owns 1,253,535 shares in the company, valued at approximately $24,569,286. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.