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 earnings of $0.56 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided 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 issue its next earnings results 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 financial year. For the next financial year, analysts expect that the company will post earnings of $2.57 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Banco Latinoamericano de Comercio Exterior,.

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

Several analysts have recently issued reports on BLX shares. BidaskClub upgraded shares of Banco Latinoamericano de Comercio Exterior, from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. J P Morgan Chase & Co lowered shares of Banco Latinoamericano de Comercio Exterior, from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $28.00 to $26.00 in a research report on Friday, July 21st. Finally, Zacks Investment Research downgraded shares of Banco Latinoamericano de Comercio Exterior, from a “hold” rating to a “strong sell” rating in a report on Thursday, May 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, presently has a consensus rating of “Hold” and an average price target of $27.50.

Banco Latinoamericano de Comercio Exterior, (BLX) opened at 28.55 on Tuesday. The company has a 50-day moving average of $26.67 and a 200-day moving average of $27.40. The company has a market cap of $1.12 billion, a P/E ratio of 13.66 and a beta of 1.60. Banco Latinoamericano de Comercio Exterior, has a 52-week low of $25.17 and a 52-week high of $30.51.

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Several institutional investors have recently made changes to their positions in BLX. Rhumbline Advisers lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 0.3% in the second quarter. Rhumbline Advisers now owns 37,617 shares of the bank’s stock worth $1,030,000 after buying an additional 108 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 74.3% in the first quarter. Parametric Portfolio Associates LLC now owns 68,052 shares of the bank’s stock worth $1,888,000 after buying an additional 29,008 shares in the last quarter. Schafer Cullen Capital Management Inc. lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 3.5% in the first quarter. Schafer Cullen Capital Management Inc. now owns 119,659 shares of the bank’s stock worth $3,319,000 after buying an additional 4,085 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, in the second quarter worth about $4,141,000. Finally, Paradice Investment Management LLC lifted its holdings in shares of Banco Latinoamericano de Comercio Exterior, by 4.5% in the first quarter. Paradice Investment Management LLC now owns 1,808,559 shares of the bank’s stock worth $50,169,000 after buying an additional 77,977 shares in the last quarter. 16.35% of the stock is currently owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, Company Profile

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.

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