Zacks: Analysts Anticipate Banco Latinoamericano de Comercio Exterior, S.A. (BLX) Will Post Earnings of $0.56 Per Share

Wall Street analysts expect Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) to announce $0.56 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Banco Latinoamericano de Comercio Exterior,’s earnings. Banco Latinoamericano de Comercio Exterior, reported earnings per share of $0.71 during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.1%. The company is expected to announce its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Banco Latinoamericano de Comercio Exterior, will report full-year earnings of $2.19 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $2.57 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Banco Latinoamericano de Comercio Exterior,.

Banco Latinoamericano de Comercio Exterior, (NYSE:BLX) last released its earnings results on Friday, July 21st. The bank reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.21). Banco Latinoamericano de Comercio Exterior, had a return on equity of 8.09% and a net margin of 31.94%. The company had revenue of $34.41 million during the quarter.

BLX has been the topic of a number of analyst reports. BidaskClub downgraded Banco Latinoamericano de Comercio Exterior, from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. J P Morgan Chase & Co downgraded Banco Latinoamericano de Comercio Exterior, from a “neutral” rating to an “underweight” rating and cut their price target for the company from $28.00 to $26.00 in a report on Friday, July 21st. Finally, Zacks Investment Research upgraded Banco Latinoamericano de Comercio Exterior, from a “strong sell” rating to a “hold” rating in a report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Banco Latinoamericano de Comercio Exterior, has a consensus rating of “Hold” and a consensus target price of $27.50.

Large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in shares of Banco Latinoamericano de Comercio Exterior, by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 37,617 shares of the bank’s stock worth $1,030,000 after purchasing an additional 108 shares in the last quarter. Schafer Cullen Capital Management Inc. boosted its position in shares of Banco Latinoamericano de Comercio Exterior, by 3.0% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 123,279 shares of the bank’s stock worth $3,375,000 after purchasing an additional 3,620 shares in the last quarter. LSV Asset Management boosted its position in shares of Banco Latinoamericano de Comercio Exterior, by 0.7% in the 2nd quarter. LSV Asset Management now owns 1,860,019 shares of the bank’s stock worth $50,927,000 after purchasing an additional 13,600 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Banco Latinoamericano de Comercio Exterior, by 74.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 68,052 shares of the bank’s stock worth $1,888,000 after purchasing an additional 29,008 shares in the last quarter. Finally, Paradice Investment Management LLC boosted its position in shares of Banco Latinoamericano de Comercio Exterior, by 4.3% in the 2nd quarter. Paradice Investment Management LLC now owns 1,886,159 shares of the bank’s stock worth $51,643,000 after purchasing an additional 77,600 shares in the last quarter. Institutional investors and hedge funds own 16.35% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Zacks: Analysts Anticipate Banco Latinoamericano de Comercio Exterior, S.A. (BLX) Will Post Earnings of $0.56 Per Share” was originally reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright laws. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2956006/zacks-analysts-anticipate-banco-latinoamericano-de-comercio-exterior-s-a-blx-will-post-earnings-of-0-56-per-share.html.

Banco Latinoamericano de Comercio Exterior, (NYSE BLX) traded down 0.81% during midday trading on Friday, reaching $29.46. The company’s stock had a trading volume of 54,365 shares. Banco Latinoamericano de Comercio Exterior, has a 12-month low of $25.17 and a 12-month high of $30.51. The company has a market cap of $1.16 billion, a P/E ratio of 14.10 and a beta of 1.61. The firm has a 50 day moving average price of $28.21 and a 200-day moving average price of $27.64.

About Banco Latinoamericano de Comercio Exterior,

Banco Latinoamericano de Comercio Exterior, SA (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank’s Commercial segment incorporates all of the Bank’s financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits.

Get a free copy of the Zacks research report on Banco Latinoamericano de Comercio Exterior, (BLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Banco Latinoamericano de Comercio Exterior S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Latinoamericano de Comercio Exterior S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.