Intercorp Financial Services (NYSE:IFS – Get Rating) is expected to release quarterly earnings data after market close on Thursday, May 12. Analysts expect the company to report earnings of $0.94 per share for the quarter. Parties wishing to register for the company’s conference call may do so using this link.
Intercorp Financial Services (NYSE:IFS – Get Rating) last released its quarterly results on Friday, February 11. The company reported earnings per share of $0.56 for the quarter, missing Thomson Reuters consensus estimate of $0.68 per ($0.12). The company posted revenue of $253.62 million in the quarter, versus analyst estimates of $299.90 million. Intercorp Financial Services posted a net margin of 38.19% and a return on equity of 18.88%. On average, analysts expect Intercorp Financial Services to post EPS of $4 for the current fiscal year and EPS of $4 for the next fiscal year.
Intercorp Financial Services stock opened at $26.80 on Thursday. The stock has a market capitalization of $3.09 billion, a PE ratio of 6.65, a growth price-earnings ratio of 0.49 and a beta of 1.46. Intercorp Financial Services has a 12-month low of $17.67 and a 12-month high of $37.64. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt ratio of 0.88. The company has a 50-day moving average of $32.43 and a 200-day moving average of $29.45.
The company also recently declared an annual dividend, which will be paid on Friday, May 6. Shareholders of record on Thursday, April 28 will receive a dividend of $1.75. This represents a dividend yield of 4.8%. The ex-dividend date is Wednesday, April 27. This is a boost from Intercorp Financial Services’ previous annual dividend of $0.77. Intercorp Financial Services’ dividend payout ratio is 41.19%.
Hedge funds have recently changed their positions in the business. Bank of America Corp DE increased its position in shares of Intercorp Financial Services by 146.2% in the second quarter. Bank of America Corp DE now owns 2,031 shares of the company worth $51,000 after buying 1,206 more shares in the last quarter. Morgan Stanley increased its position in Intercorp Financial Services by 804.6% in the first quarter. Morgan Stanley now owns 16,953 shares of the company worth $507,000 after acquiring 15,079 additional shares in the last quarter. Legal & General Group Plc increased its position in Intercorp Financial Services by 5.5% during the fourth quarter. Legal & General Group Plc now owns 19,213 shares in the company worth $508,000 after acquiring an additional 1,002 shares in the last quarter. Citadel Advisors LLC increased its position in Intercorp Financial Services by 51.2% during the second quarter. Citadel Advisors LLC now owns 31,077 shares of the company worth $781,000 after acquiring 10,517 additional shares in the last quarter. Finally, BlackRock Inc. increased its position in Intercorp Financial Services by 6.1% during the fourth quarter. BlackRock Inc. now owns 757,001 shares of the company worth $19,970,000 after acquiring 43,257 additional shares in the last quarter. 8.52% of the shares are currently held by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Itaú Unibanco reduced Intercorp Financial Services shares from an “outperform” rating to a “market perform” rating and set a price target of $35.00 for the company. in a report on Friday, March 11. Zacks Investment Research upgraded shares of Intercorp Financial Services from a “sell” rating to a “hold” rating in a Saturday, April 2 report. Finally, Itau BBA Securities reduced shares of Intercorp Financial Services from an “outperform” rating to a “market performer” rating and set a price target of $35.00 for the company. in a report on Friday, March 11. Five analysts gave the stock a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, Intercorp Financial Services currently has an average rating of “Hold” and an average price target of $30.60.
Intercorp Financial Services Company Profile (Get a rating)
Intercorp Financial Services Inc provides banking, insurance and wealth management services to retail and business clients in Peru. The Company operates through three segments: Banking, Insurance and Wealth Management. It provides transactional accounts, such as cuenta sueldo and cuenta simple; savings accounts; investment accounts; and term deposits, certificates of deposit and compensation for time-of-service accounts.
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