Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, BLX is expected to report 3Q20 income of $ 0.37 per share from revenue of $ 24.27 million.
For the full year, analysts anticipate top line of $ 109.16 million, while looking forward to income of $ 1.71 per share bottom line.
Previous Quarter Performance
Banco Latinoamericano de Comercio Exterior, S.A. disclosed income for the second quarter of $ 0.36 per share, from the revenue of $ 19.91 million. The quarterly earnings fell 35.71 percent while revenues reduced 40.74 percent compared with the same quarter last year.
Street analysts expected Banco Latinoamericano de Comercio Exterior, S.A. to report income of $ 0.59 per share on revenue of $ 34.68 million for the second quarter. The bottom line results missed street analysts by $ 0.23 or 38.98 percent, at the same time, top line results fell short of analysts by $ 14.77 million or 42.59 percent.
Stock Performance
Shares of Banco Latinoamericano de Comercio Exterior, S.A. traded low $ -0.12 or -0.84 percent on Friday, reaching $ 14.14 with volume of 62.90 thousand shares. Banco Latinoamericano de Comercio Exterior, S.A. has traded high as $ 14.37 and has cracked $ 13.87 on the downward trend
According to the previous trading day, closing price of $ 14.14, representing a 84.48 % increase from the 52 week low of $ 7.73 and a 37.59 % decrease over the 52 week high of $ 22.85.
The company has a market capital of $ 559.98 million and is part of the Financial Services sector and Banks – Regional – Latin America industry.
Recent Stock Dividend Announcement
The board of directors has authorized 2Q20 dividend of $ 0.25 per share on July 28, 2020. The dividend were payable on August 25, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Banco Latinoamericano de Comercio Exterior, S.A. will be hosting a conference call at 11:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bladex.com
Banco Latinoamericano de Comercio Exterior, S.A., 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, structured and syndicated credits, and loan commitments; letter of credit contingencies, such as issued and confirmed letters of credit, and stand-by letters of credit; and guarantees covering commercial risk and other assets.
