Brokerages Expect Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) to Announce $0.78 Earnings Per Share

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Equities analysts predict that Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) will announce earnings of $0.78 per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Grupo Aeroportuario del Centro Nort’s earnings. Grupo Aeroportuario del Centro Nort reported earnings per share of $0.84 in the same quarter last year, which suggests a negative year-over-year growth rate of 7.1%. The company is expected to report its next quarterly earnings report on Monday, February 10th.

On average, analysts expect that Grupo Aeroportuario del Centro Nort will report full-year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.38 to $3.47. For the next year, analysts expect that the company will report earnings of $3.89 per share, with EPS estimates ranging from $3.70 to $4.08. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Grupo Aeroportuario del Centro Nort.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its quarterly earnings data on Thursday, October 17th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.07. Grupo Aeroportuario del Centro Nort had a net margin of 39.59% and a return on equity of 36.93%. The firm had revenue of $110.93 million for the quarter.

A number of research firms recently weighed in on OMAB. UBS Group upgraded Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 24th. BidaskClub cut Grupo Aeroportuario del Centro Nort from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th. Zacks Investment Research cut Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Nort from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.00.

Shares of Grupo Aeroportuario del Centro Nort stock traded down $1.08 during trading on Tuesday, hitting $53.21. 53,933 shares of the company were exchanged, compared to its average volume of 39,985. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.24 and a quick ratio of 3.24. The firm’s fifty day moving average price is $53.76 and its 200 day moving average price is $49.89. Grupo Aeroportuario del Centro Nort has a 1-year low of $33.62 and a 1-year high of $56.47. The firm has a market capitalization of $2.67 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 5.28 and a beta of 0.80.

A number of institutional investors have recently modified their holdings of the stock. Sagil Capital LLP bought a new stake in shares of Grupo Aeroportuario del Centro Nort in the second quarter valued at $7,025,000. Bank of America Corp DE raised its stake in shares of Grupo Aeroportuario del Centro Nort by 8,045.4% in the second quarter. Bank of America Corp DE now owns 56,122 shares of the transportation company’s stock valued at $2,743,000 after buying an additional 55,433 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Grupo Aeroportuario del Centro Nort by 87.4% in the third quarter. Russell Investments Group Ltd. now owns 116,281 shares of the transportation company’s stock valued at $5,509,000 after buying an additional 54,224 shares during the period. Charles Schwab Investment Management Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Nort in the second quarter valued at $1,791,000. Finally, BlackRock Inc. raised its stake in shares of Grupo Aeroportuario del Centro Nort by 3.2% in the second quarter. BlackRock Inc. now owns 939,100 shares of the transportation company’s stock valued at $45,902,000 after buying an additional 29,553 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

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.

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