Zacks: Analysts Expect Banco Santander-Chile (NYSE:BSAC) Will Post Earnings of $0.41 Per Share


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Brokerages predict that Banco Santander-Chile (NYSE:BSAC) will announce earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Banco Santander-Chile’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.35. Banco Santander-Chile posted earnings per share of $0.36 in the same quarter last year, which suggests a positive year over year growth rate of 13.9%. The business is expected to announce its next quarterly earnings results before the market opens on Friday, April 30th.

On average, analysts expect that Banco Santander-Chile will report full-year earnings of $1.60 per share for the current financial year, with EPS estimates ranging from $1.49 to $1.68. For the next fiscal year, analysts anticipate that the company will post earnings of $1.81 per share, with EPS estimates ranging from $1.67 to $1.91. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Banco Santander-Chile.

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings data on Thursday, February 4th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.13. Banco Santander-Chile had a return on equity of 12.77% and a net margin of 17.13%. The business had revenue of $789.91 million during the quarter, compared to analyst estimates of $989.53 million.

A number of brokerages recently issued reports on BSAC. Credit Suisse Group lowered Banco Santander-Chile from an “outperform” rating to a “neutral” rating in a report on Friday, March 26th. Zacks Investment Research upgraded Banco Santander-Chile from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Monday, February 8th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSAC. Key Financial Inc acquired a new stake in shares of Banco Santander-Chile during the 4th quarter valued at $25,000. Morgan Stanley lifted its position in shares of Banco Santander-Chile by 793.7% during the 3rd quarter. Morgan Stanley now owns 2,279 shares of the bank’s stock valued at $32,000 after acquiring an additional 2,024 shares during the last quarter. Veriti Management LLC acquired a new stake in shares of Banco Santander-Chile during the 4th quarter valued at $235,000. Panagora Asset Management Inc. lifted its position in shares of Banco Santander-Chile by 18.2% during the 4th quarter. Panagora Asset Management Inc. now owns 15,197 shares of the bank’s stock valued at $289,000 after acquiring an additional 2,341 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Banco Santander-Chile by 46.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 17,000 shares of the bank’s stock valued at $323,000 after acquiring an additional 5,400 shares during the last quarter.

BSAC stock traded down $0.11 on Friday, reaching $24.83. The company’s stock had a trading volume of 974,314 shares, compared to its average volume of 441,844. Banco Santander-Chile has a 52 week low of $13.31 and a 52 week high of $25.89. The company has a market capitalization of $11.70 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 2.41 and a beta of 0.85. The firm has a fifty day moving average of $24.49 and a two-hundred day moving average of $19.67. The company has a debt-to-equity ratio of 4.01, a current ratio of 2.11 and a quick ratio of 2.11.

About Banco Santander-Chile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking products and services in Chile. It operates through Retail Banking, Middle-Market, and Corporate Investment Banking segments. The company offers debit and credit cards, checking accounts, and savings products; consumer, automobile, commercial, mortgage, and government-guaranteed loans; and Chilean peso and foreign currency denominated loans to finance various commercial transactions, trade, foreign currency forward contracts, and credit lines.

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