Brokerages forecast that Credicorp Ltd. (NYSE:BAP) will post earnings per share (EPS) of $3.96 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Credicorp’s earnings, with the lowest EPS estimate coming in at $3.93 and the highest estimate coming in at $3.98. Credicorp posted earnings of $3.54 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.9%. The firm is expected to report its next earnings results on Monday, August 6th.
On average, analysts expect that Credicorp will report full year earnings of $16.05 per share for the current fiscal year, with EPS estimates ranging from $15.72 to $16.28. For the next fiscal year, analysts anticipate that the business will report earnings of $17.93 per share, with EPS estimates ranging from $17.59 to $18.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Credicorp.
Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, May 3rd. The bank reported $4.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.92 by $0.10. Credicorp had a net margin of 26.41% and a return on equity of 19.55%. The company had revenue of $971.30 million during the quarter.
A number of equities analysts have recently weighed in on BAP shares. Zacks Investment Research cut shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, March 26th. ValuEngine cut shares of Credicorp from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Credit Suisse Group boosted their price objective on shares of Credicorp from $240.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, May 25th. Finally, Citigroup raised shares of Credicorp from a “neutral” rating to a “buy” rating in a research report on Thursday, April 5th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Credicorp has a consensus rating of “Buy” and an average price target of $242.75.
A number of institutional investors and hedge funds have recently bought and sold shares of BAP. USA Financial Portformulas Corp acquired a new stake in Credicorp in the 4th quarter valued at $450,000. Itau Unibanco Holding S.A. increased its stake in Credicorp by 29.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 46,486 shares of the bank’s stock valued at $9,643,000 after buying an additional 10,700 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Credicorp by 39.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,400 shares of the bank’s stock valued at $4,439,000 after buying an additional 6,100 shares during the last quarter. Bailard Inc. increased its stake in Credicorp by 265.0% in the 4th quarter. Bailard Inc. now owns 10,037 shares of the bank’s stock valued at $2,082,000 after buying an additional 7,287 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Credicorp by 2.3% in the 4th quarter. BlackRock Inc. now owns 3,847,202 shares of the bank’s stock valued at $798,024,000 after buying an additional 85,134 shares during the last quarter. 66.59% of the stock is currently owned by institutional investors and hedge funds.
BAP stock opened at $223.33 on Friday. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.20 and a beta of 0.87. Credicorp has a 52-week low of $175.91 and a 52-week high of $239.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.25 and a quick ratio of 1.24.
Credicorp Company Profile
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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