Credicorp (BAP) Set to Announce Quarterly Earnings on Friday

Posted by Defense World Staff on Apr 28th, 2023

Credicorp (NYSE:BAP – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Friday, May 5th. Analysts expect the company to announce earnings of $4.12 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Credicorp (NYSE:BAP – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The bank reported $3.45 earnings per share for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.31). Credicorp had a net margin of 23.05% and a return on equity of 16.79%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. On average, analysts expect Credicorp to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Credicorp Price Performance

BAP opened at $134.00 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $10.66 billion, a P/E ratio of 8.85, a PEG ratio of 0.46 and a beta of 0.93. The stock has a 50-day moving average price of $129.98 and a 200-day moving average price of $137.53. Credicorp has a 12-month low of $113.21 and a 12-month high of $158.95.

Institutional Trading of Credicorp

Several hedge funds and other institutional investors have recently bought and sold shares of BAP. State Street Corp increased its stake in shares of Credicorp by 4.1% in the third quarter. State Street Corp now owns 1,129,605 shares of the bank’s stock worth $138,715,000 after buying an additional 44,564 shares during the period. Morgan Stanley increased its position in shares of Credicorp by 8.6% in the fourth quarter. Morgan Stanley now owns 955,915 shares of the bank’s stock valued at $129,680,000 after acquiring an additional 75,612 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Credicorp by 5.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 880,892 shares of the bank’s stock worth $105,628,000 after purchasing an additional 48,708 shares during the period. Legal & General Group Plc boosted its holdings in shares of Credicorp by 3.3% during the fourth quarter. Legal & General Group Plc now owns 732,088 shares of the bank’s stock worth $99,550,000 after purchasing an additional 23,258 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Credicorp by 2.8% in the third quarter. Vanguard Group Inc. now owns 579,898 shares of the bank’s stock worth $71,211,000 after purchasing an additional 15,556 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com started coverage on Credicorp in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Itau BBA Securities raised shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 target price on the stock in a report on Tuesday, January 3rd.

About Credicorp

(Get Rating)

Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Microfinance; Insurance and Pensions; and Investment Banking and Wealth Management. The Universal Banking segment focuses on lending and investment services.