Grupo Financiero Banorte SAB de CV (GBOOY) Expected to Announce Quarterly Earnings on Tuesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, July 22nd. Analysts expect the company to announce earnings of $26.31 per share and revenue of $40.02 billion for the quarter.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $26.79 by ($25.47). Grupo Financiero Banorte SAB de CV had a net margin of 13.21% and a return on equity of 21.51%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $40.28 billion. On average, analysts expect Grupo Financiero Banorte SAB de CV to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Grupo Financiero Banorte SAB de CV Stock Down 1.6%

Grupo Financiero Banorte SAB de CV stock opened at $42.90 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.79 and a current ratio of 0.79. Grupo Financiero Banorte SAB de CV has a 52-week low of $30.00 and a 52-week high of $47.89. The firm has a 50 day moving average price of $44.95 and a two-hundred day moving average price of $39.41. The firm has a market cap of $24.14 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.92 and a beta of 0.71.

Grupo Financiero Banorte SAB de CV Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, May 6th were paid a $2.1897 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a dividend yield of 12.07%. This is a positive change from Grupo Financiero Banorte SAB de CV’s previous dividend of $0.86. Grupo Financiero Banorte SAB de CV’s payout ratio is currently 55.82%.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.