Credicorp (NYSE:BAP) Issues Quarterly Earnings Results, Misses Estimates By $0.66 EPS

Credicorp (NYSE:BAP) posted its quarterly earnings data on Monday. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66), Zacks reports. Credicorp had a return on equity of 15.59% and a net margin of 20.11%.

Credicorp Trading Down 0.5 %

Shares of NYSE BAP traded down $0.93 during trading hours on Wednesday, reaching $187.49. The stock had a trading volume of 39,430 shares, compared to its average volume of 254,170. The business’s fifty day moving average price is $185.27 and its two-hundred day moving average price is $181.58. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 0.51 and a beta of 1.12. Credicorp has a 52-week low of $153.27 and a 52-week high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

Several brokerages have recently weighed in on BAP. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.