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

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is expected to be issuing its results after the market closes on Wednesday, April 22nd. Analysts expect the company to announce earnings of $1.68 per share and revenue of $2.3864 billion for the quarter.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.54 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 13.50% and a return on equity of 22.20%. The firm had revenue of $2.30 billion for 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 OTCMKTS:GBOOY opened at $56.37 on Monday. Grupo Financiero Banorte SAB de CV has a 12 month low of $38.00 and a 12 month high of $62.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $31.72 billion, a P/E ratio of 10.38, a P/E/G ratio of 1.07 and a beta of 0.79. The company’s fifty day moving average price is $56.05 and its 200 day moving average price is $51.58.

Analyst Ratings Changes

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

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.