Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Posts Earnings Results, Beats Expectations By $0.01 EPS

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) issued its quarterly earnings results on Tuesday. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01, Zacks reports. Grupo Financiero Banorte SAB de CV had a net margin of 14.23% and a return on equity of 22.08%.

Grupo Financiero Banorte SAB de CV Stock Performance

GBOOY traded up $1.99 during trading hours on Tuesday, hitting $53.64. The company’s stock had a trading volume of 30,267 shares, compared to its average volume of 58,895. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $41.70 and a fifty-two week high of $62.89. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $30.18 billion, a PE ratio of 9.46, a PEG ratio of 0.97 and a beta of 0.71. The company has a 50-day simple moving average of $53.46 and a 200 day simple moving average of $54.40.

Wall Street Analysts Forecast Growth

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