Zacks: Analysts Expect Banco de Chile (NYSE:BCH) Will Announce Earnings of $0.52 Per Share

Equities research analysts expect Banco de Chile (NYSE:BCHGet Rating) to post earnings of $0.50 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Banco de Chile’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.49. Banco de Chile reported earnings of $0.44 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Banco de Chile will report full-year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $2.30. For the next year, analysts forecast that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.09 to $2.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Banco de Chile.

Banco de Chile (NYSE:BCHGet Rating) last issued its quarterly earnings results on Sunday, January 30th. The bank reported $0.68 earnings per share (EPS) 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 topic of several research analyst reports. Credit Suisse Group raised Banco de Chile from a “neutral” rating to an “outperform” rating and raised their price target for the company from $18.00 to $25.00 in a research report on Wednesday, March 2nd. Scotiabank upgraded shares of Banco de Chile from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, April 13th. Zacks Investment Research upgraded shares of Banco de Chile from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, April 12th. JPMorgan Chase & Co. cut shares of Banco de Chile from an “overweight” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Thursday, February 17th. Finally, StockNews.com assumed coverage on shares of Banco de Chile in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. 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 made changes to their positions in the business. State Street Corp raised 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’s stock valued at $1,329,000 after acquiring an additional 761 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Banco de Chile by 2.2% in the third quarter. Deutsche Bank AG now owns 39,672 shares of the bank’s stock valued at $734,000 after acquiring an additional 840 shares during the last quarter. Morgan Stanley raised its stake in shares of Banco de Chile by 10.0% in the third quarter. Morgan Stanley now owns 16,915 shares of the bank’s stock valued at $313,000 after acquiring an additional 1,539 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Banco de Chile by 16.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 13,925 shares of the bank’s stock valued at $212,000 after acquiring an additional 2,000 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in shares of Banco de Chile in the fourth quarter valued at approximately $69,000. Hedge funds and other institutional investors own 0.89% of the company’s stock.

Shares of NYSE:BCH traded down $0.18 during midday trading on Friday, hitting $20.11. The company’s stock had a trading volume of 197,175 shares, compared to its average volume of 109,218. The stock has a market capitalization 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 fifty-two week low of $15.60 and a fifty-two week high of $23.77. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.39 and a current ratio of 1.53.

Banco de Chile Company Profile (Get 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, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards.

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