Intercorp Financial Services (IFS) Projected to Post Earnings on Thursday

Intercorp Financial Services (NYSE:IFS) is projected to issue its quarterly earnings data after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of $0.89 per share and revenue of $1.35 billion for the quarter.

Intercorp Financial Services (NYSE:IFS) last released its earnings results on Wednesday, February 5th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.19. Intercorp Financial Services had a net margin of 21.03% and a return on equity of 12.38%. On average, analysts expect Intercorp Financial Services to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Intercorp Financial Services Stock Up 0.4 %

IFS stock opened at $34.60 on Tuesday. The business has a 50 day moving average price of $32.33 and a 200 day moving average price of $30.30. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.32 and a beta of 1.17. Intercorp Financial Services has a fifty-two week low of $21.40 and a fifty-two week high of $35.32.

Intercorp Financial Services Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a $1.00 dividend. This represents a yield of 3%. The ex-dividend date was Wednesday, April 23rd. Intercorp Financial Services’s dividend payout ratio (DPR) is currently 31.46%.

Insider Activity

In related news, major shareholder Peru Ltd Intercorp bought 320,237 shares of the firm’s stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $19.59 per share, with a total value of $6,273,442.83. Following the completion of the transaction, the insider now directly owns 2,909,571 shares of the company’s stock, valued at approximately $56,998,495.89. This represents a 12.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.