Grupo Aeroportuario del Centro Nort (OMAB) Expected to Post Earnings of $0.65 Per Share

Wall Street brokerages expect Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) to post earnings of $0.65 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Grupo Aeroportuario del Centro Nort’s earnings. Grupo Aeroportuario del Centro Nort reported earnings of $0.66 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.5%. The firm is scheduled to report its next earnings results on Tuesday, October 16th.

According to Zacks, analysts expect that Grupo Aeroportuario del Centro Nort will report full year earnings of $2.79 per share for the current year, with EPS estimates ranging from $2.70 to $2.88. For the next financial year, analysts anticipate that the business will report earnings of $3.16 per share, with EPS estimates ranging from $2.91 to $3.40. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Grupo Aeroportuario del Centro Nort.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its earnings results on Wednesday, July 18th. The transportation company reported $0.74 EPS for the quarter. Grupo Aeroportuario del Centro Nort had a net margin of 32.68% and a return on equity of 35.46%. The company had revenue of $102.76 million for the quarter.

A number of brokerages have commented on OMAB. HSBC downgraded shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 21st. Zacks Investment Research upgraded shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, September 19th. Santander cut shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, ValuEngine upgraded shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Grupo Aeroportuario del Centro Nort currently has a consensus rating of “Buy” and a consensus target price of $59.00.

OMAB stock traded up $0.76 during trading on Monday, reaching $52.80. 34,976 shares of the stock were exchanged, compared to its average volume of 86,215. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.27 and a quick ratio of 2.27. Grupo Aeroportuario del Centro Nort has a 1 year low of $37.45 and a 1 year high of $58.10. The company has a market capitalization of $2.45 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 6.94 and a beta of 0.71.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citigroup Inc. increased its position in shares of Grupo Aeroportuario del Centro Nort by 110.8% during the first quarter. Citigroup Inc. now owns 4,004 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 2,105 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the first quarter valued at about $200,000. UBS Group AG increased its position in shares of Grupo Aeroportuario del Centro Nort by 552.4% during the first quarter. UBS Group AG now owns 9,225 shares of the transportation company’s stock valued at $364,000 after acquiring an additional 7,811 shares during the last quarter. Northern Trust Corp increased its position in shares of Grupo Aeroportuario del Centro Nort by 72.0% during the second quarter. Northern Trust Corp now owns 12,560 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 5,257 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the first quarter valued at about $618,000. Institutional investors and hedge funds own 15.27% of the company’s stock.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

Featured Story: Penny Stocks

Get a free copy of the Zacks research report on Grupo Aeroportuario del Centro Nort (OMAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Grupo Aeroportuario del Centro Nort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Nort and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply