Foreign Trade Bank of Latin America (BLX) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS
Foreign Trade Bank of Latin America (NYSE:BLX) posted its quarterly earnings data on Friday. The bank reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.09), Morningstar.com reports. The firm had revenue of $30.74 million for the quarter, compared to analyst estimates of $36.82 million. Foreign Trade Bank of Latin America had a return on equity of 7.97% and a net margin of 33.53%.
NYSE BLX opened at $27.42 on Friday. The company has a market cap of $1,079.39, a PE ratio of 13.92 and a beta of 1.58. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.52 and a quick ratio of 1.63. Foreign Trade Bank of Latin America has a 1-year low of $25.51 and a 1-year high of $30.50.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 17th. Stockholders of record on Wednesday, May 2nd will be issued a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Tuesday, May 1st. Foreign Trade Bank of Latin America’s payout ratio is 74.04%.
BLX has been the subject of several recent analyst reports. JPMorgan Chase raised shares of Foreign Trade Bank of Latin America from an “underweight” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Thursday, February 15th. Zacks Investment Research lowered shares of Foreign Trade Bank of Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 16th.
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About Foreign Trade Bank of Latin America
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.
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