Intercorp Financial Services (IFS) Scheduled to Post Earnings on Tuesday

by · The Cerbat Gem

Intercorp Financial Services (NYSE:IFS – Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Intercorp Financial Services (NYSE:IFS – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Intercorp Financial Services had a return on equity of 8.97% and a net margin of 14.94%. The business had revenue of $414.92 million during the quarter, compared to analyst estimates of $423.35 million. On average, analysts expect Intercorp Financial Services to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Intercorp Financial Services Stock Performance

Shares of IFS traded up $0.07 during mid-day trading on Tuesday, hitting $27.02. 3,057 shares of the company’s stock traded hands, compared to its average volume of 104,008. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 1.12. The business’s 50-day moving average price is $25.94 and its 200-day moving average price is $23.81. Intercorp Financial Services has a 1 year low of $17.94 and a 1 year high of $30.59.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their target price on shares of Intercorp Financial Services from $31.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th.

Read Our Latest Analysis on Intercorp Financial Services

Insider Buying and Selling at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 247,311 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was purchased at an average price of $19.65 per share, with a total value of $4,859,661.15. Following the transaction, the insider now owns 1,842,999 shares of the company’s stock, valued at approximately $36,214,930.35. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Intercorp Financial Services Company Profile

(Get Free Report)

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.

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