Analysts Anticipate Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) to Post $0.78 EPS

Wall Street brokerages forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMABGet Rating) will announce earnings of $0.78 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Grupo Aeroportuario del Centro Norte’s earnings. Grupo Aeroportuario del Centro Norte reported earnings per share of $0.41 during the same quarter last year, which suggests a positive year-over-year growth rate of 90.2%. The company is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Grupo Aeroportuario del Centro Norte will report full-year earnings of $3.80 per share for the current year, with EPS estimates ranging from $3.52 to $4.07. For the next year, analysts expect that the firm will post earnings of $4.29 per share, with EPS estimates ranging from $4.08 to $4.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Grupo Aeroportuario del Centro Norte.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The transportation company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.30. Grupo Aeroportuario del Centro Norte had a return on equity of 24.36% and a net margin of 32.72%. The company had revenue of $129.21 million during the quarter.

A number of research analysts have weighed in on OMAB shares. Zacks Investment Research upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Friday, January 7th. StockNews.com started coverage on Grupo Aeroportuario del Centro Norte in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Bradesco Corretora upgraded Grupo Aeroportuario del Centro Norte to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, February 8th. UBS Group upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, January 28th. Finally, The Goldman Sachs Group lowered their price objective on Grupo Aeroportuario del Centro Norte from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, January 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $59.75.

NASDAQ:OMAB opened at $57.21 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.39 and a current ratio of 1.59. The company has a market cap of $2.43 billion, a PE ratio of 19.80, a PEG ratio of 5.24 and a beta of 1.39. Grupo Aeroportuario del Centro Norte has a 52-week low of $44.86 and a 52-week high of $63.06. The stock has a 50-day simple moving average of $57.70 and a 200 day simple moving average of $53.57.

Several institutional investors and hedge funds have recently modified their holdings of OMAB. Legato Capital Management LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at $970,000. Itau Unibanco Holding S.A. bought a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter worth $3,808,000. Millennium Management LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $3,285,000. BlackRock Inc. grew its position in Grupo Aeroportuario del Centro Norte by 10.0% during the 4th quarter. BlackRock Inc. now owns 599,845 shares of the transportation company’s stock worth $32,205,000 after acquiring an additional 54,651 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter worth $2,834,000. Institutional investors own 8.20% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile (Get Rating)

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.

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