Zacks: Analysts expect Banco de Chile (NYSE:BCH) to report earnings of $0.52 per share
Equity research analysts expect Banco de Chile (NYSE:BCH – Get Rating) to post earnings of $0.50 per share for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Banco de Chile, with the highest EPS estimate of $0.50 and the lowest estimate of $0.49. Banco de Chile reported earnings of $0.44 per share in the same quarter last year, indicating a positive growth rate of 13.6% year-over-year. The company is expected to announce its next earnings report on Monday, January 1.
On average, analysts expect Banco de Chile to report annual earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $2.30. For next year, analysts expect the company to post earnings of $2.22 per share, with EPS estimates ranging from $2.09 to $2.35. Zacks Investment Research’s EPS averages are an average average based on a survey of sell-side analysts who track Banco de Chile.
Banco de Chile (NYSE:BCH – Get Rating) last released its quarterly results on Sunday, January 30. The bank reported earnings per share (EPS) of $0.68 for the quarter, beating the consensus estimate of $0.51 by $0.17. Banco de Chile had a return on equity of 15.65% and a net margin of 24.90%.
BCH has been the subject of several research analyst reports. Credit Suisse Group upgraded Banco de Chile from a “neutral” rating to an “outperforming” rating and raised its price target for the company from $18.00 to $25.00 in a Wednesday research report 2 March. Scotiabank upgraded shares of Banco de Chile from an “sector performance” rating to an “outperform” rating in a Wednesday, April 13 research note. Zacks Investment Research upgraded shares of Banco de Chile from a “hold” rating to a “buy” rating and set a target price of $23.00 for the company in a Tuesday, April 12 research note. JPMorgan Chase & Co. cut Banco de Chile shares from an “overweight” rating to a “neutral” rating and set a target price of $23.00 for the company. in a research note on Thursday, February 17. Finally, StockNews.com took over Banco de Chile stock coverage in a Thursday, March 31, research note. They issued a “holding” rating for the company. Two equity research analysts rated the stock with a hold rating and three gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $23.67.
A number of institutional investors and hedge funds have recently changed their positions in the company. State Street Corp increased its stake in shares of Banco de Chile by 0.9% in the fourth quarter. State Street Corp now owns 84,611 shares of the bank valued at $1,329,000 after acquiring an additional 761 shares in the last quarter. Deutsche Bank AG increased its stake in Banco de Chile shares by 2.2% in the third quarter. Deutsche Bank AG now owns 39,672 shares of the bank valued at $734,000 after acquiring 840 additional shares in the last quarter. Morgan Stanley increased its stake in Banco de Chile shares by 10.0% in the third quarter. Morgan Stanley now owns 16,915 shares of the bank valued at $313,000 after acquiring 1,539 additional shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Banco de Chile shares by 16.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 13,925 shares in the bank valued at $212,000 after acquiring an additional 2,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in shares of Banco de Chile in the fourth quarter valued at around $69,000. Hedge funds and other institutional investors own 0.89% of the company’s shares.
Shares of NYSE:BCH traded down $0.18 in Friday’s midday session, hitting $20.11. The company’s stock had a trading volume of 197,175 shares, compared to an average trading volume of 109,218. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 12.29, a PEG of 0.97 and a beta of 0.31. The stock’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $19.56. Banco de Chile has a fifty-two week low of $15.60 and a fifty-two week high of $23.77. The company has a debt ratio of 3.12, a quick ratio of 1.39 and a current ratio of 1.53.
Banco de Chile Company Profile (Get a rating)
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail, Wholesale and Treasury segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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