Banco Latinoamericano de Comerci Extr (NYSE:BLX) is scheduled to release its earnings data before the market opens on Wednesday, April 17th. Analysts expect Banco Latinoamericano de Comerci Extr to post earnings of $0.51 per share for the quarter.
Banco Latinoamericano de Comerci Extr (NYSE:BLX) last released its quarterly earnings results on Thursday, February 28th. The bank reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The business had revenue of $34.08 million during the quarter, compared to analyst estimates of $34.95 million. Banco Latinoamericano de Comerci Extr had a net margin of 4.05% and a return on equity of 6.99%. On average, analysts expect Banco Latinoamericano de Comerci Extr to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
BLX opened at $20.81 on Tuesday. The firm has a market cap of $822.83 million, a P/E ratio of 74.32 and a beta of 1.33. Banco Latinoamericano de Comerci Extr has a twelve month low of $15.31 and a twelve month high of $29.95. The company has a quick ratio of 1.59, a current ratio of 2.45 and a debt-to-equity ratio of 3.54.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were issued a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend was Friday, March 8th. Banco Latinoamericano de Comerci Extr’s payout ratio is 550.00%.
A number of research firms recently weighed in on BLX. Zacks Investment Research raised shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. ValuEngine raised shares of Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “sell” rating in a report on Friday, December 21st. BMO Capital Markets reissued an “average” rating and set a $22.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a report on Sunday, March 3rd. Finally, CIBC reissued a “buy” rating and set a $23.00 price objective on shares of Banco Latinoamericano de Comerci Extr in a report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Banco Latinoamericano de Comerci Extr has an average rating of “Hold” and a consensus target price of $22.00.
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Banco Latinoamericano de Comerci Extr Company Profile
Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.
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