Banco Santander-Chile (BSAC) Set to Announce Earnings on Wednesday

Banco Santander-Chile (NYSE:BSAC - Get Free Report) is scheduled to issue its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Banco Santander-Chile (NYSE:BSAC - Get Free Report) last posted its earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). Banco Santander-Chile had a return on equity of 11.87% and a net margin of 11.84%. The business had revenue of $599.94 million for the quarter, compared to analyst estimates of $693.44 million. On average, analysts expect Banco Santander-Chile to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Banco Santander-Chile Trading Up 1.0 %

NYSE BSAC traded up $0.21 during mid-day trading on Wednesday, hitting $20.65. The company's stock had a trading volume of 305,404 shares, compared to its average volume of 289,022. The firm has a market capitalization of $9.73 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.43 and a beta of 0.86. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.82 and a quick ratio of 1.82. Banco Santander-Chile has a 52-week low of $16.89 and a 52-week high of $21.43. The stock's fifty day simple moving average is $20.31 and its two-hundred day simple moving average is $19.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BSAC shares. StockNews.com raised shares of Banco Santander-Chile from a "sell" rating to a "hold" rating in a research note on Monday, August 5th. Berenberg Bank upgraded Banco Santander-Chile to a "hold" rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group raised Banco Santander-Chile from a "sell" rating to a "neutral" rating and upped their target price for the stock from $18.00 to $21.00 in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Banco Santander-Chile has a consensus rating of "Hold" and a consensus target price of $21.00.

Banco Santander-Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.