Zacks: Analysts Expect Banco De Chile (BCH) to Announce $1.33 EPS

Wall Street analysts expect Banco De Chile (NYSE:BCH) to report $1.33 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Banco De Chile’s earnings. The highest EPS estimate is $1.37 and the lowest is $1.29. Banco De Chile reported earnings of $1.84 per share in the same quarter last year, which indicates a negative year over year growth rate of 27.7%. The business is scheduled to report its next quarterly earnings report on Monday, August 7th.

On average, analysts expect that Banco De Chile will report full-year earnings of $5.40 per share for the current financial year, with EPS estimates ranging from $5.26 to $5.55. For the next financial year, analysts expect that the business will post earnings of $5.86 per share, with EPS estimates ranging from $5.63 to $6.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Banco De Chile.

Banco De Chile (NYSE:BCH) last released its quarterly earnings results on Monday, May 8th. The bank reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by $0.06. Banco De Chile had a net margin of 24.00% and a return on equity of 18.89%. The company had revenue of $640.30 million for the quarter.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Banco De Chile from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of Banco De Chile from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Wednesday, March 22nd. Finally, Credit Suisse Group set a $76.00 price target on shares of Banco De Chile and gave the company a “hold” rating in a report on Saturday, July 1st. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $81.00.

Banco De Chile (NYSE:BCH) traded down 0.12% during mid-day trading on Wednesday, hitting $86.64. 15,408 shares of the stock traded hands. The company has a 50 day moving average price of $79.27 and a 200-day moving average price of $74.71. The stock has a market capitalization of $14.10 billion, a PE ratio of 16.04 and a beta of 0.38. Banco De Chile has a one year low of $64.66 and a one year high of $87.12.

Large investors have recently made changes to their positions in the stock. Nordea Investment Management AB acquired a new stake in Banco De Chile during the first quarter worth $114,000. Parallel Advisors LLC raised its stake in Banco De Chile by 3.4% in the first quarter. Parallel Advisors LLC now owns 1,839 shares of the bank’s stock worth $135,000 after buying an additional 60 shares during the last quarter. Global X Management Co. LLC raised its stake in Banco De Chile by 27.9% in the first quarter. Global X Management Co. LLC now owns 1,931 shares of the bank’s stock worth $139,000 after buying an additional 421 shares during the last quarter. Wexford Capital LP acquired a new stake in Banco De Chile during the first quarter worth $209,000. Finally, Two Sigma Securities LLC acquired a new stake in Banco De Chile during the first quarter worth $235,000. 1.86% of the stock is currently owned by institutional investors.

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