Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) released its quarterly earnings results on Tuesday. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19, Zacks reports. Grupo Financiero Banorte SAB de CV had a return on equity of 22.20% and a net margin of 13.50%.The business had revenue of $2.30 billion during the quarter.

Grupo Financiero Banorte SAB de CV Stock Performance

OTCMKTS:GBOOY opened at $58.23 on Thursday. Grupo Financiero Banorte SAB de CV has a fifty-two week low of $32.00 and a fifty-two week high of $58.23. 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 company has a 50 day moving average price of $48.91 and a 200 day moving average price of $47.42. The stock has a market capitalization of $32.76 billion, a P/E ratio of 11.13, a PEG ratio of 1.58 and a beta of 0.83.

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.