Credicorp (BAP) to Release Earnings on Thursday

Credicorp (NYSE:BAP) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Credicorp to post earnings of $4.24 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts expect Credicorp to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Credicorp Price Performance

BAP stock opened at $169.73 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $13.50 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.57 and a beta of 1.12. The firm’s fifty day moving average is $169.64 and its 200 day moving average is $151.69. Credicorp has a 52 week low of $116.42 and a 52 week high of $179.53.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group lowered their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.73.

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.