Grupo Financiero Banorte SAB de CV (GBOOY) Expected to Announce Earnings on Wednesday
by Teresa Graham · The Cerbat GemGrupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) is projected to release its results after the market closes on Wednesday, April 22nd. Analysts expect Grupo Financiero Banorte SAB de CV to post earnings of $1.68 per share and revenue of $2.3864 billion for the quarter.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. The business had revenue of $2.30 billion during the quarter. Grupo Financiero Banorte SAB de CV had a return on equity of 22.20% and a net margin of 13.50%. On average, analysts expect Grupo Financiero Banorte SAB de CV to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Grupo Financiero Banorte SAB de CV Trading Up 2.7%
Grupo Financiero Banorte SAB de CV stock opened at $57.89 on Tuesday. The business has a 50-day simple moving average of $56.01 and a two-hundred day simple moving average of $51.64. The company has a market cap of $32.57 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.07 and a beta of 0.79. Grupo Financiero Banorte SAB de CV has a 52-week low of $38.00 and a 52-week high of $62.89. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.41.
Analysts Set New Price Targets
Separately, Zacks Research downgraded Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Get Our Latest Analysis on GBOOY
Grupo Financiero Banorte SAB de CV Company Profile
Grupo Financiero Banorte SAB de CV, commonly known as Banorte, is a major Mexican financial services holding company headquartered in Monterrey, Mexico. The group operates a universal banking franchise that serves retail, small and medium-sized enterprises, and large corporate clients across Mexico. Banorte provides a broad suite of banking services through an extensive branch network and digital channels and maintains an international investor presence, including ADRs that trade on the U.S. OTC market under the symbol GBOOY.
Banorte’s core businesses include retail and commercial banking—offering deposit accounts, payment and cash management services, consumer and mortgage loans, credit and debit cards, and lending to corporate clients.