$716.59 million in sales expected for Banco de Chile (NYSE:BCH) this quarter
Wall Street analysts expect Banco de Chile (NYSE:BCH – Get Rating) to earn $716.59 million in revenue for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates of Banco de Chile’s earnings, with estimates ranging from $710.36 million to $722.83 million. Banco de Chile recorded sales of $654.10 million in the same quarter last year, which would indicate a positive growth rate of 9.6% year-on-year. The company is expected to announce its next earnings report on Monday, January 1.
On average, analysts expect Banco de Chile to report annual revenue of $2.98 billion for the current year, with estimates ranging from $2.87 billion to $3.09 billion. billions of dollars. For the next fiscal year, analysts expect the company to post sales of $3.12 billion, with estimates ranging from $3.08 billion to $3.17 billion. Zacks Investment Research sales calculations are an average average based on a survey of research firms that provide coverage for Banco de Chile.
BCH has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut Banco de Chile shares from an “overweight” rating to a “neutral” rating and set a price target of $23.00 for the company. in a research note on Thursday, February 17. Scotiabank upgraded shares of Banco de Chile from an “sector performance” rating to an “outperform” rating in a Wednesday, April 13 research report. StockNews.com began covering Banco de Chile stocks in a research report on Thursday, March 31. They issued a “hold” rating for the company. Credit Suisse Group has upgraded Banco de Chile shares from a ‘neutral’ rating to an ‘outperforming’ rating and raised its price target for the company from $18.00 to $25.00 in a research report Wednesday, March 2. Finally, Zacks Investment Research downgraded Banco de Chile shares from a “hold” rating to a “buy” rating and set a target price of $23.00 on the stock in a Tuesday 12 research note. april. Two research analysts have rated the stock with a hold rating and three have assigned the company’s stock a buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and a consensus target price of $23.67.
NYSE BCH opened at $20.11 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.39 and a debt ratio of 3.12. Banco de Chile has a 1-year low of $15.60 and a 1-year high of $23.77. The company has a fifty-day simple moving average of $21.22 and a 200-day simple moving average of $19.58. The company has a market capitalization of $10.16 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.93 and a beta of 0.31.
Institutional investors have recently changed their positions in the company. Dimensional Fund Advisors LP increased its stake in Banco de Chile shares by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 590,351 shares of the bank valued at $9,281,000 after purchasing an additional 22,056 shares during the period. Itau Unibanco Holding SA bought a new position in shares of Banco de Chile in the 4th quarter at a value of $7,571,000. Millennium Management LLC increased its equity stake in Banco de Chile by 21.8% in Q3. Millennium Management LLC now owns 109,020 shares of the bank worth $2,016,000 after purchasing an additional 19,507 shares last quarter. State Street Corp raised its position in Banco de Chile by 0.9% in the fourth quarter. State Street Corp now owns 84,611 shares of the bank valued at $1,329,000 after buying an additional 761 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in Banco de Chile by 49.9% in the 4th quarter. Citadel Advisors LLC now owns 80,239 shares of the bank valued at $1,261,000 after buying 26,716 additional shares in the last quarter. 0.89% of the shares are held by institutional investors.
Banco de Chile Company Profile (Get a rating)
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail, Wholesale and Treasury segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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