Intercorp Financial Services (NYSE:IFS) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Intercorp Financial Services (NYSE:IFS) announced its quarterly earnings results on Monday. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.02, FiscalAI reports. Intercorp Financial Services had a return on equity of 17.06% and a net margin of 34.81%. The business had revenue of $497.27 million for the quarter, compared to the consensus estimate of $513.01 million.

Intercorp Financial Services Stock Performance

IFS stock traded up $1.18 on Monday, reaching $47.77. The company’s stock had a trading volume of 161,646 shares, compared to its average volume of 258,939. Intercorp Financial Services has a 52 week low of $38.29 and a 52 week high of $61.38. The company has a market capitalization of $5.31 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.61 and a beta of 0.70. The firm has a fifty day moving average of $53.27 and a two-hundred day moving average of $51.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.10 and a quick ratio of 1.08.

Wall Street Analysts Forecast Growth

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

About Intercorp Financial Services

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.

Other businesses include Inteligo, which provides wealth management, investment and brokerage services, and Izipay, which offers payment processing solutions to merchants.