Analysts Expect Credicorp Ltd. (NYSE:BAP) Will Announce Earnings of $3.44 Per Share

Analysts expect Credicorp Ltd. (NYSE:BAP) to report earnings of $3.44 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Credicorp’s earnings, with estimates ranging from $3.41 to $3.46. Credicorp posted earnings per share of $3.27 in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The business is scheduled to issue its next earnings results on Monday, August 14th.

According to Zacks, analysts expect that Credicorp will report full year earnings of $14.02 per share for the current year, with EPS estimates ranging from $13.90 to $14.21. For the next year, analysts expect that the business will post earnings of $16.09 per share, with EPS estimates ranging from $15.75 to $16.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Credicorp.

A number of equities analysts recently issued reports on the stock. Credit Suisse Group set a $196.00 price target on shares of Credicorp and gave the stock a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub raised shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th.

Shares of Credicorp (BAP) traded up 0.17% during mid-day trading on Monday, reaching $182.34. The company had a trading volume of 139,002 shares. The firm has a 50-day moving average of $174.13 and a 200-day moving average of $164.71. The company’s market capitalization is $14.49 billion. Credicorp has a 12-month low of $144.23 and a 12-month high of $185.10.

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Several institutional investors have recently made changes to their positions in BAP. Xact Kapitalforvaltning AB increased its position in shares of Credicorp by 15.0% in the second quarter. Xact Kapitalforvaltning AB now owns 15,352 shares of the bank’s stock worth $2,754,000 after buying an additional 2,000 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Credicorp by 2.9% in the first quarter. Nomura Asset Management Co. Ltd. now owns 4,382 shares of the bank’s stock worth $716,000 after buying an additional 122 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Credicorp by 3.7% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 8,500 shares of the bank’s stock worth $1,388,000 after buying an additional 300 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Credicorp by 40.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,800 shares of the bank’s stock worth $2,907,000 after buying an additional 5,100 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Credicorp by 50.0% in the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock worth $138,000 after buying an additional 282 shares in the last quarter. 69.36% of the stock is owned by institutional investors and hedge funds.

Credicorp Company Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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