Grupo Financiero Banorte SAB de CV (GBOOY) to Release Quarterly Earnings on Wednesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is expected to be issuing its results before the market opens on Wednesday, February 4th. Analysts expect the company to announce earnings of $1.33 per share for the quarter.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. Grupo Financiero Banorte SAB de CV had a net margin of 12.92% and a return on equity of 21.99%. 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 Trading Up 2.3%

OTCMKTS GBOOY opened at $55.15 on Wednesday. The firm’s fifty day moving average is $48.69 and its two-hundred day moving average is $47.35. Grupo Financiero Banorte SAB de CV has a one year low of $32.00 and a one year high of $56.06. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $31.03 billion, a PE ratio of 10.54, a P/E/G ratio of 1.54 and a beta of 0.83.

About Grupo Financiero Banorte SAB de CV

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.