Credicorp (NYSE:BAP) Posts Earnings Results, Misses Expectations By $0.16 EPS

Credicorp (NYSE:BAP) issued its quarterly earnings results on Thursday. The bank reported $4.09 EPS for the quarter, missing analysts’ consensus estimates of $4.25 by ($0.16), MarketWatch Earnings reports. Credicorp had a return on equity of 16.48% and a net margin of 24.65%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion.

Shares of NYSE BAP opened at $206.75 on Friday. Credicorp has a twelve month low of $199.83 and a twelve month high of $252.49. The firm has a market cap of $16.95 billion, a P/E ratio of 13.89, a PEG ratio of 1.07 and a beta of 0.70. The company has a 50 day moving average of $210.08 and a 200 day moving average of $218.84. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.59.

The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Wednesday, October 23rd will be issued a $8.00 dividend. The ex-dividend date of this dividend is Monday, October 21st. Credicorp’s payout ratio is currently 40.79%.

A number of brokerages recently weighed in on BAP. ValuEngine upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Zacks Investment Research upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Bank of America upgraded shares of Credicorp from an “underperform” rating to a “buy” rating in a report on Thursday, September 5th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $245.00 to $250.00 in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $232.00 to $250.00 in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $258.00.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Earnings History for Credicorp (NYSE:BAP)

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