Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY – Get Free Report) posted its earnings results on Tuesday. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09, Zacks reports. Grupo Financiero Banorte SAB de CV had a return on equity of 22.30% and a net margin of 14.97%.
Grupo Financiero Banorte SAB de CV Stock Down 2.1%
OTCMKTS:GBOOY traded down $1.19 during mid-day trading on Tuesday, hitting $56.02. 36,701 shares of the company’s stock were exchanged, compared to its average volume of 54,007. Grupo Financiero Banorte SAB de CV has a one year low of $45.00 and a one year high of $63.81. The business has a fifty day moving average price of $55.66 and a 200 day moving average price of $55.25. The company has a market cap of $31.52 billion, a PE ratio of 9.44, a P/E/G ratio of 1.33 and a beta of 0.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.77 and a quick ratio of 0.77.
Wall Street Analyst Weigh In
Separately, Zacks Research lowered shares of Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.
Grupo Financiero Banorte SAB de CV Company Profile
Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company and the parent organization of Grupo Financiero Banorte. Through its subsidiaries, the group provides banking, insurance, retirement savings, investment, brokerage and other financial services to individuals, small and medium-sized businesses, corporations and government entities.
Its principal banking subsidiary, Banco Mercantil del Norte, operates under the Banorte brand and offers deposit accounts, consumer and commercial loans, mortgages, credit cards, payment services, investment products and digital banking.
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