$3.52 Earnings Per Share Expected for Credicorp Ltd. (BAP) This Quarter
Wall Street brokerages expect Credicorp Ltd. (NYSE:BAP) to post earnings of $3.52 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Credicorp’s earnings. The highest EPS estimate is $3.55 and the lowest is $3.49. Credicorp reported earnings per share of $3.57 in the same quarter last year, which indicates a negative year over year growth rate of 1.4%. The business is scheduled to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that Credicorp will report full-year earnings of $14.07 per share for the current fiscal year, with EPS estimates ranging from $14.00 to $14.19. For the next financial year, analysts forecast that the company will post earnings of $15.76 per share, with EPS estimates ranging from $15.25 to $16.27. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Credicorp.
BAP has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Thursday, June 22nd. BidaskClub raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, UBS AG set a $219.00 target price on shares of Credicorp and gave the company a “buy” rating in a report on Tuesday, August 15th.
A number of hedge funds have recently modified their holdings of BAP. Advisor Group Inc. raised its holdings in Credicorp by 143.0% during the 2nd quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after acquiring an additional 426 shares during the period. Tower Research Capital LLC TRC raised its holdings in Credicorp by 50.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock valued at $138,000 after acquiring an additional 282 shares during the period. US Bancorp DE raised its holdings in Credicorp by 117.4% during the 1st quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock valued at $204,000 after acquiring an additional 674 shares during the period. Blair William & Co. IL bought a new stake in Credicorp during the 2nd quarter valued at $239,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Credicorp during the 2nd quarter valued at $247,000. 66.45% of the stock is currently owned by institutional investors and hedge funds.
Shares of Credicorp (NYSE:BAP) opened at 203.22 on Friday. The firm’s market cap is $16.15 billion. Credicorp has a 12 month low of $144.23 and a 12 month high of $208.05. The company’s 50-day moving average price is $196.01 and its 200-day moving average price is $175.16.
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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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