Intercorp Financial Services (IFS) to Release Earnings on Tuesday

Intercorp Financial Services (NYSE:IFS) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Intercorp Financial Services to post earnings of $0.79 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Intercorp Financial Services (NYSE:IFS) last issued 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 net margin of 14.94% and a return on equity of 8.97%. The business had revenue of $414.92 million for the quarter, compared to analysts’ expectations 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 Up 0.0 %

Shares of Intercorp Financial Services stock opened at $26.98 on Monday. The business has a 50-day moving average price of $26.13 and a two-hundred day moving average price of $23.94. Intercorp Financial Services has a 1-year low of $17.94 and a 1-year high of $30.59. The company has a current ratio of 1.10, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57.

Insider Activity

In related news, major shareholder Peru Ltd Intercorp purchased 247,311 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was purchased at an average cost of $19.65 per share, with a total value of $4,859,661.15. Following the completion of the purchase, the insider now owns 1,842,999 shares in the company, valued at approximately $36,214,930.35. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analysts Forecast Growth

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

Intercorp Financial Services Company Profile

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.