Credicorp (BAP) to Release Quarterly Earnings on Thursday

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

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share 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 Stock Performance

BAP opened at $181.96 on Wednesday. The stock has a market cap of $14.47 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $180.82 and its 200 day simple moving average is $171.23. Credicorp has a 1-year low of $116.42 and a 1-year high of $193.25.

Credicorp Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were paid a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date was Monday, September 23rd. Credicorp’s payout ratio is currently 55.97%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upped their target price on 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.