Credicorp (BAP) to Release Earnings on Thursday

Credicorp (NYSE:BAP - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $4.67 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.64 by ($0.15). Credicorp had a return on equity of 14.86% and a net margin of 19.31%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.32 billion. On average, analysts expect Credicorp to post $19 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Credicorp Price Performance

Shares of Credicorp stock traded down $3.31 on Thursday, hitting $183.98. The company's stock had a trading volume of 254,260 shares, compared to its average volume of 230,699. The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. Credicorp has a 1 year low of $116.42 and a 1 year high of $193.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average price of $179.73 and a 200-day moving average price of $170.58.

Credicorp Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were issued a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date was Monday, September 23rd. Credicorp's payout ratio is presently 55.07%.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price target 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.