Grupo Financiero Banorte SAB de CV (GBOOY) Projected to Post Earnings on Wednesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is expected 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) last released its quarterly earnings results on Tuesday, January 27th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. Grupo Financiero Banorte SAB de CV had a net margin of 13.50% and a return on equity of 22.20%. The business had revenue of $2.30 billion during the quarter. 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 Price Performance

Shares of Grupo Financiero Banorte SAB de CV stock opened at $56.77 on Wednesday. Grupo Financiero Banorte SAB de CV has a 52-week low of $35.84 and a 52-week high of $62.89. The stock has a market capitalization of $31.94 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 1.08 and a beta of 0.79. The company has a fifty day moving average of $56.15 and a 200-day moving average of $51.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.23.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Grupo Financiero Banorte SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.