Brokerages Anticipate BBVA Banco Frances S.A. (BFR) to Announce $0.25 EPS

Analysts expect that BBVA Banco Frances S.A. (NYSE:BFR) will report earnings per share (EPS) of $0.25 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for BBVA Banco Frances’ earnings. BBVA Banco Frances posted earnings of $0.32 per share in the same quarter last year, which would suggest a negative year over year growth rate of 21.9%. The firm is expected to issue its next quarterly earnings results on Thursday, November 8th.

According to Zacks, analysts expect that BBVA Banco Frances will report full-year earnings of $1.23 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $1.04 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow BBVA Banco Frances.

BBVA Banco Frances (NYSE:BFR) last announced its earnings results on Thursday, August 23rd. The bank reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.11.

BFR has been the subject of a number of analyst reports. TheStreet downgraded shares of BBVA Banco Frances from a “b-” rating to a “c-” rating in a research note on Thursday, July 26th. Zacks Investment Research raised shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Santander downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, ValuEngine raised shares of BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.00.

Shares of NYSE BFR traded down $0.04 on Friday, reaching $11.89. 291,300 shares of the company’s stock traded hands, compared to its average volume of 467,627. BBVA Banco Frances has a 12 month low of $7.11 and a 12 month high of $27.45. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 10.43 and a beta of 0.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.15 and a current ratio of 1.15.

Several hedge funds and other institutional investors have recently made changes to their positions in BFR. Bank of Montreal Can bought a new position in shares of BBVA Banco Frances during the second quarter valued at approximately $44,386,000. Standard Life Aberdeen plc increased its position in shares of BBVA Banco Frances by 11.4% during the second quarter. Standard Life Aberdeen plc now owns 4,509,781 shares of the bank’s stock valued at $55,741,000 after acquiring an additional 462,456 shares in the last quarter. Bienville Capital Management LLC bought a new stake in shares of BBVA Banco Frances during the second quarter valued at approximately $4,595,000. Millennium Management LLC bought a new stake in shares of BBVA Banco Frances during the first quarter valued at approximately $4,897,000. Finally, Commonwealth Bank of Australia bought a new stake in shares of BBVA Banco Frances during the third quarter valued at approximately $2,459,000. 15.55% of the stock is owned by institutional investors and hedge funds.

About BBVA Banco Frances

BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.

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