Banco Santander-Chile (BSAC) Set to Announce Earnings on Wednesday

Banco Santander-Chile (NYSE:BSAC) is set to post its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Banco Santander-Chile to post earnings of $0.51 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Banco Santander-Chile (NYSE:BSAC) last posted its earnings results on Tuesday, April 30th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The business had revenue of $524.08 million for the quarter, compared to analyst estimates of $544.26 million. Banco Santander-Chile had a net margin of 9.58% and a return on equity of 10.06%. On average, analysts expect Banco Santander-Chile to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Banco Santander-Chile Trading Down 2.4 %

Shares of Banco Santander-Chile stock opened at $19.57 on Tuesday. The firm has a 50-day simple moving average of $19.42 and a two-hundred day simple moving average of $19.20. The company has a market cap of $9.22 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 0.42 and a beta of 0.86. Banco Santander-Chile has a fifty-two week low of $16.89 and a fifty-two week high of $21.52. The company has a debt-to-equity ratio of 4.21, a quick ratio of 1.86 and a current ratio of 1.86.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com downgraded shares of Banco Santander-Chile from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Itau BBA Securities upgraded shares of Banco Santander-Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.48.

Banco Santander-Chile Company Profile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency-denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines, as well as mortgage financing services.