Intercorp Financial Services (IFS) Set to Announce Quarterly Earnings on Thursday

Intercorp Financial Services (NYSE:IFS – Get Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Intercorp Financial Services (NYSE:IFS – Get Rating) last announced its quarterly earnings data on Friday, February 11th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.12). The firm had revenue of $253.62 million for the quarter, compared to analyst estimates of $299.90 million. Intercorp Financial Services had a return on equity of 18.88% and a net margin of 38.19%. On average, analysts expect Intercorp Financial Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Intercorp Financial Services stock opened at $26.80 on Thursday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 0.49 and a beta of 1.46. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.88. Intercorp Financial Services has a 12-month low of $17.67 and a 12-month high of $37.64. The firm’s 50-day moving average price is $32.43 and its two-hundred day moving average price is $29.45.

The company also recently disclosed an annual dividend, which will be paid on Friday, May 6th. Shareholders of record on Thursday, April 28th will be paid a dividend of $1.75 per share. This represents a yield of 4.8%. This is an increase from Intercorp Financial Services’s previous annual dividend of $0.77. The ex-dividend date of this dividend is Wednesday, April 27th. Intercorp Financial Services’s dividend payout ratio is presently 41.19%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Intercorp Financial Services from a “sell” rating to a “hold” rating in a research note on Saturday, April 2nd. Itaú Unibanco downgraded shares of Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a research note on Friday, March 11th. Finally, Itau BBA Securities downgraded shares of Intercorp Financial Services from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a research note on Friday, March 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Intercorp Financial Services has a consensus rating of “Hold” and a consensus target price of $30.60.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Intercorp Financial Services by 6.1% in the 4th quarter. BlackRock Inc. now owns 757,001 shares of the company’s stock valued at $19,970,000 after purchasing an additional 43,257 shares in the last quarter. Morgan Stanley boosted its stake in shares of Intercorp Financial Services by 202.0% in the 3rd quarter. Morgan Stanley now owns 57,342 shares of the company’s stock valued at $1,280,000 after purchasing an additional 38,356 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Intercorp Financial Services by 40.2% in the 3rd quarter. Citadel Advisors LLC now owns 43,559 shares of the company’s stock valued at $973,000 after purchasing an additional 12,482 shares in the last quarter. Legal & General Group Plc raised its holdings in Intercorp Financial Services by 5.5% in the 4th quarter. Legal & General Group Plc now owns 19,213 shares of the company’s stock valued at $508,000 after buying an additional 1,002 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Intercorp Financial Services by 146.2% in the 2nd quarter. Bank of America Corp DE now owns 2,031 shares of the company’s stock valued at $51,000 after buying an additional 1,206 shares during the last quarter. Institutional investors own 8.52% of the company’s stock.

About Intercorp Financial Services (Get Rating)

Intercorp Financial Services Inc provides banking, insurance, and wealth management services for retail and commercial 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 time deposits, certificates of deposit, and compensation for service time accounts.

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