Zacks: Analysts expect Banco de Chile (NYSE:BCH) to report earnings of $0.52 per share
Equity analysts expect Banco de Chile (NYSE:BCH – received rating) to report earnings per share of $0.50 for the current fiscal quarter, Zack reports. Two analysts have come out with estimates for Banco de Chile’s earnings, with the highest EPS estimate at $0.50 and the lowest estimate at $0.49. Banco de Chile reported earnings of $0.44 per share for the same quarter last year, indicating a positive growth rate of 13.6% year over year. The company is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect Banco de Chile to report full-year earnings per share of $2.14 for the current fiscal year, with EPS estimates ranging from $1.91 to $2.30. For the next year, analysts are forecasting that the company will report earnings of $2.22 per share, with EPS estimates ranging from $2.09 to $2.35. Zacks Investment Research EPS averages are averages based on a survey of sell-side analysts who follow Banco de Chile.
Bank of Chile (NYSE:BCH – received rating) last released its quarterly results on Sunday, January 30th. 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 “outperform” rating in a research report on Wednesday, March 2, and raised its price target on the company to 25 from $18.00. $00 raised. Scotiabank bought Banco de Chile shares on Wednesday, March 13. Zacks Investment Research upgraded the shares of Banco de Chile to a “buy” rating from a “hold” rating and issued a research note on Tuesday, April 2017 with a price target of USD 23.00 for the company. JPMorgan Chase & Co. lowered shares of Banco de Chile from an “overweight” rating to a “neutral” rating and set a price target of $23.00 for the company. in a research note on Thursday, February 17. Finally, StockNews.com accepted coverage of Banco de Chile stocks in a research note on Thursday 31st March. They gave the company a “hold” rating. Two equities research analysts have assigned a hold rating to the stock and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target of $23.67.
A number of institutional investors and hedge funds have recently changed their positions in the business. State Street Corp increased its stake in 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 purchasing an additional 761 shares 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 purchasing an additional 840 shares 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 purchasing an additional 1,539 shares 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 of the bank, valued at $212,000, after purchasing another 2,000 shares last quarter. Finally, during the fourth quarter, BNP Paribas Arbitrage SA acquired a new position in shares of Banco de Chile worth approximately $69,000. Hedge funds and other institutional investors own 0.89% of the company’s shares.
shares of NYSE:BCH fell by $0.18 on Friday midday to reach $20.11. The company’s shares had a trading volume of 197,175 shares compared to an average volume of 109,218. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 12.29, a PEG ratio 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 52-week low of $15.60 and a 52-week high of $23.77. The company has a leverage ratio of 3.12, a quick ratio of 1.39 and a current ratio of 1.53.
Banco de Chile company profile (received 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 current accounts, checking accounts, demand deposits and accounts, savings accounts and time deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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