Banco Latinoamericano de Comerci Extr (BLX) Announces Quarterly Earnings Results

Banco Latinoamericano de Comerci Extr (NYSE:BLX) released its earnings results on Thursday. The bank reported ($1.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($1.53), Fidelity Earnings reports. The company had revenue of $29.70 million for the quarter, compared to analyst estimates of $36.59 million. Banco Latinoamericano de Comerci Extr had a net margin of 29.16% and a return on equity of 7.39%.

Banco Latinoamericano de Comerci Extr stock traded down $0.06 during trading hours on Friday, hitting $15.95. 22,449 shares of the company traded hands, compared to its average volume of 109,784. The stock has a market cap of $777.07 million, a price-to-earnings ratio of 7.74 and a beta of 1.44. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.12. Banco Latinoamericano de Comerci Extr has a 1-year low of $15.81 and a 1-year high of $30.50.

Several research firms have commented on BLX. JPMorgan Chase & Co. cut shares of Banco Latinoamericano de Comerci Extr from a “neutral” rating to an “underweight” rating in a research note on Thursday. Zacks Investment Research raised shares of Banco Latinoamericano de Comerci Extr from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, ValuEngine cut shares of Banco Latinoamericano de Comerci Extr from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th.



Banco Latinoamericano de Comerci Extr Company Profile

Banco Latinoamericano de Comercio Exterior, SA, a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates through two segments, Commercial and Treasury. It offers short and medium-term bilateral, collateral-backed, short and medium term trade, and pre-export financing structured loans; and discounting of notes, cross-border leasing, pre- and post-export financing, import financing, letters of credit, bank guarantees, documentary collection, irrevocable reimbursement undertakings, bankers' acceptance, vendor finance, and ECA-backed financing services.

Further Reading: Momentum Indicator: Relative Strength Index

Earnings History for Banco Latinoamericano de Comerci Extr (NYSE:BLX)

Receive News & Ratings for Banco Latinoamericano de Comerci Extr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Latinoamericano de Comerci Extr and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply