Credicorp (NYSE:BAP) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Credicorp (NYSE:BAP) released its quarterly earnings results on Monday. The bank reported $7.06 EPS for the quarter, missing the consensus estimate of $7.25 by ($0.19), FiscalAI reports. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.92 billion. Credicorp had a return on equity of 20.52% and a net margin of 25.04%.

Credicorp Price Performance

Shares of BAP stock opened at $348.41 on Tuesday. The firm has a fifty day moving average of $375.73 and a two-hundred day moving average of $360.02. The firm has a market cap of $32.88 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.70 and a beta of 0.89. Credicorp has a 1-year low of $230.45 and a 1-year high of $413.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BAP. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $453.00 to $482.00 in a research note on Wednesday, September 16th. UBS Group lifted their price target on shares of Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings downgraded Credicorp from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, November 4th. Finally, The Goldman Sachs Group raised their price objective on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Credicorp presently has an average rating of “Moderate Buy” and a consensus price target of $431.80.

About Credicorp

Credicorp is a financial services holding company based in Lima, Peru. Through its subsidiaries, it provides commercial and retail banking, insurance, pension-fund management, investment banking, wealth management, microfinance and digital payment services.

Its businesses include Banco de Crédito del Perú (BCP), the country’s largest bank; Pacífico Seguros; pension administrator Prima AFP; investment and wealth-management firm Credicorp Capital; and microfinance bank Mibanco. BCP traces its history to 1889, when it was established as Banco Italiano.

Credicorp’s operations are centered in Peru, with additional activities in other Latin American markets, particularly through Credicorp Capital.