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

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

Banco Santander-Chile (NYSE:BSAC) last issued its quarterly earnings results on Wednesday, July 31st. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $599.94 million for the quarter, compared to analyst estimates 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 0.3 %

Shares of BSAC stock opened at $20.44 on Wednesday. Banco Santander-Chile has a 12 month low of $16.89 and a 12 month high of $21.43. The firm has a market cap of $9.63 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.43 and a beta of 0.86. The stock has a 50 day moving average of $20.30 and a 200-day moving average of $19.60. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.60.

Analyst Upgrades and Downgrades

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