Analysts Anticipate Credicorp Ltd. (BAP) to Announce $3.41 EPS

Equities analysts expect Credicorp Ltd. (NYSE:BAP) to post earnings of $3.41 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Credicorp’s earnings. Credicorp posted earnings of $3.30 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 3.3%. The firm is expected to issue its next earnings report after the market closes on Monday, February 5th.

According to Zacks, analysts expect that Credicorp will report full year earnings of $14.19 per share for the current financial year. For the next year, analysts expect that the company will post earnings of $16.11 per share, with EPS estimates ranging from $15.94 to $16.27. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Credicorp.

A number of equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. HSBC downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Credicorp presently has a consensus rating of “Hold” and an average target price of $225.50.

Institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its holdings in Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after buying an additional 426 shares in the last quarter. Cerebellum GP LLC purchased a new position in Credicorp in the fourth quarter valued at about $134,000. Quantitative Systematic Strategies LLC purchased a new position in Credicorp in the third quarter valued at about $251,000. High Pointe Capital Management LLC purchased a new position in Credicorp in the third quarter valued at about $268,000. Finally, Jarislowsky Fraser Ltd purchased a new position in Credicorp in the third quarter valued at about $295,000. 66.18% of the stock is owned by institutional investors.

Shares of Credicorp (BAP) opened at $235.91 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $18,772.44, a PE ratio of 17.14, a P/E/G ratio of 1.19 and a beta of 0.86. Credicorp has a 12-month low of $150.71 and a 12-month high of $237.99.

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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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