Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Posts Earnings Results, Beats Expectations By $0.05 EPS

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) issued its quarterly earnings data on Tuesday. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05, Zacks reports. The firm had revenue of $255.27 million during the quarter, compared to analyst estimates of $227.38 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.

Here are the key takeaways from Grupo Aeroportuario del Centro Norte’s conference call:

• Passenger traffic was broadly stable: OMA served 7.2 million passengers in the second quarter, up 0.4% year over year, as domestic growth of 0.6% offset a 1.2% decline in international traffic. Management expects full-year traffic growth to be flat to low single digits, citing airline capacity adjustments related to higher jet-fuel prices.
• Financial performance improved: Total aeronautical and non-aeronautical revenue rose 5.4% to MXN 3.6 billion, while Adjusted EBITDA increased about 6% to MXN 2.7 billion and the margin reached 75.2%. Net income grew 10.2% to MXN 1.5 billion, supported by revenue growth and cost discipline.
• Commercial and cargo businesses continued to gain momentum: Commercial revenue per passenger increased 60.3% to MXN 66.4, with 96% commercial-space occupancy, while diversification revenue rose 17%, driven by a 29% increase in OMA Carga. OMA is expanding its cargo warehouse and expects continued growth from new clients and higher-value shipments.
• Investment and tariff execution remain key drivers and risks: OMA expects full-year investment of approximately MXN 3.5 billion to MXN 4 billion and projects 93%–95% compliance with maximum tariffs in 2026, potentially reaching full compliance by late 2027 or mid-2028. Higher oil prices could delay tariff pass-through, while the company issued MXN 3 billion of long-term notes to refinance debt and fund its development program.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $108.27 on Wednesday. Grupo Aeroportuario del Centro Norte has a 52 week low of $95.69 and a 52 week high of $134.99. The firm’s 50-day simple moving average is $105.95 and its two-hundred day simple moving average is $111.76. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.36 and a beta of 0.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 26th were given a $2.9165 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a yield of 571.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 85.12%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $11,038,000. AQR Capital Management LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 63.4% in the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after acquiring an additional 39,581 shares during the last quarter. Voleon Capital Management LP bought a new stake in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $3,757,000. Goldman Sachs Group Inc. raised its stake in Grupo Aeroportuario del Centro Norte by 171.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 47,253 shares of the transportation company’s stock valued at $5,140,000 after acquiring an additional 29,875 shares during the period. Finally, Empowered Funds LLC raised its stake in Grupo Aeroportuario del Centro Norte by 42.5% in the 4th quarter. Empowered Funds LLC now owns 100,189 shares of the transportation company’s stock valued at $11,707,000 after acquiring an additional 29,870 shares during the period. 9.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.00 to $134.00 in a report on Thursday, April 16th. Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has an average rating of “Hold” and a consensus price target of $134.00.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.