Banco Santander-Chile (BSAC) Set to Announce Earnings on Wednesday

Banco Santander-Chile (NYSE:BSAC) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Banco Santander-Chile (NYSE:BSAC) last released its quarterly earnings results on Wednesday, July 31st. The bank reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). Banco Santander-Chile had a return on equity of 11.87% and a net margin of 11.84%. The company had revenue of $599.94 million for the quarter, compared to the consensus estimate of $693.44 million. On average, analysts expect Banco Santander-Chile to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Banco Santander-Chile Stock Down 2.0 %

Shares of BSAC stock opened at $20.46 on Monday. The stock’s 50 day simple moving average is $20.33 and its 200 day simple moving average is $19.61. Banco Santander-Chile has a twelve month low of $16.89 and a twelve month high of $21.43. The company has a debt-to-equity ratio of 3.60, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.42 and a beta of 0.86.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BSAC shares. StockNews.com upgraded shares of Banco Santander-Chile from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. The Goldman Sachs Group upgraded shares of Banco Santander-Chile from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $18.00 to $21.00 in a report on Tuesday, August 20th. Finally, Berenberg Bank upgraded shares of Banco Santander-Chile to a “hold” rating in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Banco Santander-Chile currently has an average rating of “Hold” and an average target price of $21.00.

About Banco Santander-Chile

Banco Santander-Chile, together with its subsidiaries, provides commercial and retail banking services in Chile. It operates through Retail Banking, Middle-Market, Corporate Investment Banking, and Corporate Activities 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, as well as mortgage financing services.