Banco de Chile (BCH) Expected to Announce Quarterly Earnings on Monday

Banco de Chile (NYSE:BCH) is expected to be announcing its earnings results before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $0.53 per share and revenue of $787.88 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Banco de Chile (NYSE:BCH) last issued its earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03). The company had revenue of $980.10 million during the quarter, compared to analyst estimates of $796.96 million. Banco de Chile had a return on equity of 22.69% and a net margin of 30.00%. On average, analysts expect Banco de Chile to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Banco de Chile Stock Down 0.4 %

BCH stock opened at $24.71 on Friday. Banco de Chile has a one year low of $20.93 and a one year high of $25.97. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $12.48 billion, a PE ratio of 8.86 and a beta of 0.44. The firm’s 50 day moving average price is $23.20 and its 200-day moving average price is $23.86.

Analysts Set New Price Targets

Several brokerages recently issued reports on BCH. JPMorgan Chase & Co. boosted their price objective on shares of Banco de Chile from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, January 24th. StockNews.com cut Banco de Chile from a “hold” rating to a “sell” rating in a research note on Friday.

About Banco de Chile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.