Intercorp Financial Services (IFS) set to announce quarterly results on Thursday

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.

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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. Ita├║ 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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Earnings history for Intercorp Financial Services (NYSE:IFS)

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