Credicorp (BAP) Expected to Announce Quarterly Earnings on Monday

Credicorp (NYSE:BAP) is projected to announce its earnings results after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $4.42 per share and revenue of $1.45 billion 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 results on Thursday, November 7th. The bank reported $5.08 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.41. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. During the same quarter in the previous year, the firm posted $4.23 EPS. On average, analysts expect Credicorp to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Credicorp Stock Down 1.4 %

Shares of BAP stock opened at $182.63 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. Credicorp has a fifty-two week low of $147.00 and a fifty-two week high of $200.00. The firm has a market capitalization of $14.53 billion, a PE ratio of 10.48, a P/E/G ratio of 0.49 and a beta of 1.12. The stock’s 50-day simple moving average is $185.61 and its 200-day simple moving average is $180.68.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BAP. The Goldman Sachs Group raised their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $209.00 to $208.00 in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their price target on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Company Profile

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.