Wall Street analysts expect Popular Inc (NASDAQ:BPOP) to report earnings of $0.73 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Popular’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.43. Popular posted earnings of $0.86 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 15.1%. The firm is scheduled to report its next quarterly earnings report on Tuesday, January 23rd.
According to Zacks, analysts expect that Popular will report full-year earnings of $2.45 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $3.88 per share, with EPS estimates ranging from $3.65 to $4.10. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Popular.
Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Tuesday, October 31st. The bank reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.76). Popular had a return on equity of 5.70% and a net margin of 9.98%. The business had revenue of $478.50 million for the quarter, compared to analyst estimates of $513.85 million. During the same quarter last year, the company earned $0.44 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Popular from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, September 15th. ValuEngine lowered shares of Popular from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Barclays increased their price target on shares of Popular from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies restated a “buy” rating and set a $50.50 price target on shares of Popular in a research note on Wednesday, November 1st. Finally, Morgan Stanley raised their target price on shares of Popular from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $46.50.
Popular (NASDAQ:BPOP) opened at $35.86 on Friday. Popular has a 12 month low of $32.04 and a 12 month high of $45.96. The company has a market cap of $3,690.00, a price-to-earnings ratio of 18.30 and a beta of 1.31.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 5th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. Popular’s payout ratio is presently 51.02%.
A number of large investors have recently bought and sold shares of BPOP. Sei Investments Co. grew its stake in Popular by 46.4% in the 2nd quarter. Sei Investments Co. now owns 20,120 shares of the bank’s stock valued at $839,000 after buying an additional 6,374 shares during the last quarter. Royce & Associates LP grew its position in Popular by 35.1% in the 2nd quarter. Royce & Associates LP now owns 223,300 shares of the bank’s stock worth $9,314,000 after purchasing an additional 58,000 shares during the last quarter. Prudential Financial Inc. grew its position in Popular by 36.1% in the 2nd quarter. Prudential Financial Inc. now owns 551,335 shares of the bank’s stock worth $22,996,000 after purchasing an additional 146,370 shares during the last quarter. Airain ltd grew its position in Popular by 53.2% in the 2nd quarter. Airain ltd now owns 21,208 shares of the bank’s stock worth $885,000 after purchasing an additional 7,361 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Popular in the 2nd quarter worth $537,000. Institutional investors and hedge funds own 88.94% of the company’s stock.
Popular Company Profile
Popular, Inc (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean.
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