Banco Latinoamericano de Comerci Extr (BLX) Scheduled to Post Quarterly Earnings on Wednesday

Banco Latinoamericano de Comerci Extr (NYSE:BLX) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.

Banco Latinoamericano de Comerci Extr (NYSE:BLX) last announced its quarterly earnings data on Thursday, February 28th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. The business had revenue of $34.08 million for the quarter, compared to the consensus estimate of $34.95 million. Banco Latinoamericano de Comerci Extr had a net margin of 4.05% and a return on equity of 6.99%. On average, analysts expect Banco Latinoamericano de Comerci Extr to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of BLX opened at $20.81 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 1.59 and a debt-to-equity ratio of 3.54. The company has a market cap of $822.83 million, a P/E ratio of 74.32 and a beta of 1.33. Banco Latinoamericano de Comerci Extr has a 1 year low of $15.31 and a 1 year high of $29.95.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 7.40%. The ex-dividend date was Friday, March 8th. Banco Latinoamericano de Comerci Extr’s payout ratio is 550.00%.

BLX has been the topic of several recent analyst reports. ValuEngine raised shares of Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. CIBC reaffirmed a “buy” rating and set a $23.00 price target on shares of Banco Latinoamericano de Comerci Extr in a research note on Tuesday, January 15th. Zacks Investment Research raised shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. Finally, BMO Capital Markets reaffirmed an “average” rating and set a $22.00 price target on shares of Banco Latinoamericano de Comerci Extr in a research note on Sunday, March 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Banco Latinoamericano de Comerci Extr currently has a consensus rating of “Hold” and a consensus target price of $22.00.

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About Banco Latinoamericano de Comerci Extr

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

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Earnings History for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

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