Wall Street analysts expect Credicorp Ltd. (NYSE:BAP) to announce earnings of $3.44 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Credicorp’s earnings. The lowest EPS estimate is $3.41 and the highest is $3.46. Credicorp posted earnings per share of $3.27 during the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The business is expected to issue its next earnings report on Monday, August 14th.
On average, 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 fiscal year, analysts expect that the business will report earnings of $16.09 per share, with EPS estimates ranging from $15.75 to $16.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Credicorp.
A number of research firms recently issued reports on BAP. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $174.00 price target for the company in a report on Tuesday, April 18th. Credit Suisse Group set a $196.00 price target on Credicorp and gave the company a “buy” rating in a report on Saturday, May 6th.
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Shares of Credicorp (NYSE BAP) traded down 0.13% during trading on Wednesday, reaching $178.57. 328,821 shares of the company were exchanged. The stock has a 50-day moving average of $168.12 and a 200 day moving average of $163.16. The stock’s market capitalization is $14.19 billion. Credicorp has a 52-week low of $140.97 and a 52-week high of $180.92.
A number of hedge funds have recently made changes to their positions in the company. Huntington National Bank boosted its stake in shares of Credicorp by 3.4% in the first quarter. Huntington National Bank now owns 764 shares of the bank’s stock valued at $125,000 after buying an additional 25 shares in the last quarter. Dumac Inc. purchased a new stake in shares of Credicorp during the fourth quarter valued at $130,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $138,000 after buying an additional 282 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Credicorp during the fourth quarter valued at $178,000. Finally, US Bancorp DE boosted its stake in shares of Credicorp by 117.4% in the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock valued at $204,000 after buying an additional 674 shares in the last quarter. 69.23% of the stock is owned by hedge funds and other institutional investors.
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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