Intercorp Financial Services (NYSE:IFS) Posts Earnings Results, Beats Estimates By $0.19 EPS

Intercorp Financial Services (NYSE:IFS) released its quarterly earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.19, Zacks reports. Intercorp Financial Services had a net margin of 18.00% and a return on equity of 10.67%.

Intercorp Financial Services Stock Performance

Shares of IFS stock traded up $0.55 on Wednesday, reaching $31.11. 334,691 shares of the company were exchanged, compared to its average volume of 164,117. Intercorp Financial Services has a 1 year low of $20.56 and a 1 year high of $31.35. The business has a 50-day moving average price of $29.07 and a 200 day moving average price of $26.71. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.27 and a beta of 1.26.

Insider Activity at Intercorp Financial Services

In other news, major shareholder Peru Ltd Intercorp bought 13,445 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of $19.71 per share, for a total transaction of $265,000.95. Following the completion of the transaction, the insider now directly owns 1,896,159 shares in the company, valued at $37,373,293.89. The trade was a 0.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Intercorp Financial Services Company Profile

Intercorp Financial Services Inc, together with its subsidiaries, offers banking, insurance, wealth management, and payment services for retail and commercial clients in Peru. The company provides loans, credit facilities, deposits, and current accounts; life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products; and brokerage and investment management services.