Brokerages Expect Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) to Announce $0.17 EPS

Analysts predict that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) will announce earnings of $0.17 per share for the current quarter, according to Zacks. Zero analysts have made estimates for Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México’s earnings. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México posted earnings per share of $0.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 5.6%. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will report full year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.68 to $0.76. For the next financial year, analysts expect that the business will report earnings of $0.75 per share, with EPS estimates ranging from $0.72 to $0.78. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX – Get Rating) last issued its quarterly earnings results on Thursday, February 3rd. The bank reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a return on equity of 12.09% and a net margin of 15.18%. The firm had revenue of $1.11 billion during the quarter.

Several analysts have issued reports on the company. StockNews.com lowered Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup began coverage on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research note on Friday, January 21st. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. JPMorgan Chase & Co. lowered Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from an “overweight” rating to a “neutral” rating and set a $6.00 target price on the stock. in a research note on Wednesday, March 30th. Finally, The Goldman Sachs Group began coverage on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in a research note on Friday, January 14th. They set a “neutral” rating and a $7.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México currently has an average rating of “Hold” and a consensus target price of $6.80.

NYSE:BSMX opened at $5.49 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.07 and a current ratio of 0.89. The stock’s 50 day moving average price is $5.35 and its two-hundred day moving average price is $5.65. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 12-month low of $4.86 and a 12-month high of $6.67.

Large investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México during the third quarter worth approximately $98,000. Bank of America Corp DE boosted its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 97.8% in the 2nd quarter. Bank of America Corp DE now owns 23,881 shares of the bank’s stock valued at $149,000 after purchasing an additional 11,808 shares in the last quarter. Provida Pension Fund Administrator acquired a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 4th quarter valued at $140,000. American Century Companies Inc. boosted its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 64,584 shares of the bank’s stock valued at $370,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 214.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 68,284 shares of the bank’s stock valued at $385,000 after purchasing an additional 46,538 shares in the last quarter.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Company Profile (Get Rating)

Banco Santander México, SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Corporate and Investment Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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