Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Issues Earnings Results

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) issued its earnings results on Wednesday. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.18), Zacks reports. Grupo Financiero Banorte SAB de CV had a return on equity of 21.67% and a net margin of 13.01%.

Grupo Financiero Banorte SAB de CV Stock Performance

OTCMKTS GBOOY traded up $0.45 on Wednesday, reaching $47.93. The stock had a trading volume of 26,243 shares, compared to its average volume of 35,813. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $26.97 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 0.99 and a beta of 0.86. The firm has a fifty day moving average of $47.76 and a two-hundred day moving average of $45.57. Grupo Financiero Banorte SAB de CV has a 1-year low of $30.00 and a 1-year high of $51.04.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.