$0.43 EPS Expected for Grupo Financiero Galicia S.A. (NASDAQ:GGAL) This Quarter

Brokerages expect that Grupo Financiero Galicia S.A. (NASDAQ:GGALGet Rating) will announce $0.43 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Grupo Financiero Galicia’s earnings. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Grupo Financiero Galicia will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.07 to $2.67. For the next fiscal year, analysts forecast that the business will report earnings of $2.65 per share, with EPS estimates ranging from $2.40 to $2.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Grupo Financiero Galicia.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a research note on Thursday, February 3rd. StockNews.com upgraded Grupo Financiero Galicia from a “hold” rating to a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lowered Grupo Financiero Galicia from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $9.00 to $8.00 in a research note on Monday, January 31st.

Institutional investors have recently made changes to their positions in the company. Marshall Wace LLP boosted its holdings in Grupo Financiero Galicia by 63.2% during the 4th quarter. Marshall Wace LLP now owns 1,417,491 shares of the bank’s stock valued at $13,451,000 after acquiring an additional 548,798 shares during the period. Discovery Capital Management LLC CT lifted its holdings in Grupo Financiero Galicia by 81.8% in the 4th quarter. Discovery Capital Management LLC CT now owns 1,209,575 shares of the bank’s stock worth $11,479,000 after buying an additional 544,390 shares during the period. Dorsey Wright & Associates purchased a new stake in Grupo Financiero Galicia in the 4th quarter worth approximately $3,864,000. Long Focus Capital Management LLC purchased a new stake in Grupo Financiero Galicia in the 4th quarter worth approximately $3,369,000. Finally, Light Sky Macro LP purchased a new stake in Grupo Financiero Galicia in the 4th quarter worth approximately $3,275,000. Hedge funds and other institutional investors own 8.16% of the company’s stock.

NASDAQ GGAL traded down $0.05 during trading on Tuesday, reaching $9.93. The company’s stock had a trading volume of 444,686 shares, compared to its average volume of 600,041. The firm has a fifty day moving average of $9.99 and a 200 day moving average of $9.98. Grupo Financiero Galicia has a one year low of $7.06 and a one year high of $12.75.

Grupo Financiero Galicia Company Profile (Get Rating)

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services to individuals and companies in Argentina. The company operates through Banks, Ecosistema NaranjaX, Insurance, and Other Businesses segments. The company's products and services cover savings, current, and checking accounts; personal loans; express and mortgage loans; credit and debit cards; and online banking services.

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