Intercorp Financial Services (NYSE:IFS) Announces Earnings Results

Intercorp Financial Services (NYSE:IFS) issued its earnings results on Monday. The company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.20), Zacks reports. Intercorp Financial Services had a net margin of 34.16% and a return on equity of 16.93%. The firm had revenue of $497.27 million for the quarter, compared to the consensus estimate of $513.01 million.

Intercorp Financial Services Price Performance

Shares of IFS traded up $2.22 during midday trading on Wednesday, hitting $50.79. The company’s stock had a trading volume of 106,676 shares, compared to its average volume of 258,415. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 0.59. Intercorp Financial Services has a one year low of $38.29 and a one year high of $61.38. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.62 and a beta of 0.70. The company’s fifty day simple moving average is $53.02 and its two-hundred day simple moving average is $51.89.

Analysts Set New Price Targets

Several brokerages have commented on IFS. Wall Street Zen lowered shares of Intercorp Financial Services from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. JPMorgan Chase & Co. raised their price objective on shares of Intercorp Financial Services from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Zacks Research downgraded shares of Intercorp Financial Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. Finally, Weiss Ratings cut Intercorp Financial Services from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 30th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Intercorp Financial Services presently has an average rating of “Hold” and an average price target of $62.00.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc. is a Peru-based financial services holding company and part of the Intercorp group. Through its subsidiaries, it provides banking, insurance, wealth management and payment services, primarily in Peru. Its banking operations, conducted through Interbank, serve individual and business customers with products such as deposits, loans, credit cards and digital banking services. The company also offers insurance products through Interseguro, including life and savings-related coverage.