Wall Street analysts expect Banco Macro SA ADR (NYSE:BMA) to post $2.02 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Banco Macro’s earnings. Banco Macro reported earnings of $2.64 per share during the same quarter last year, which would indicate a negative year over year growth rate of 23.5%. The business is expected to issue its next earnings report on Tuesday, May 21st.
According to Zacks, analysts expect that Banco Macro will report full year earnings of $8.85 per share for the current financial year, with EPS estimates ranging from $7.82 to $9.88. For the next fiscal year, analysts expect that the firm will report earnings of $8.41 per share, with EPS estimates ranging from $6.67 to $10.15. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Banco Macro.
Banco Macro (NYSE:BMA) last posted its quarterly earnings data on Friday, March 8th. The bank reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.32. Banco Macro had a net margin of 22.36% and a return on equity of 27.90%. The business had revenue of $430.53 million during the quarter.
A number of research firms have recently commented on BMA. ValuEngine upgraded Banco Macro from a “strong sell” rating to a “sell” rating in a report on Wednesday, March 20th. Santander raised shares of Banco Macro from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Zacks Investment Research lowered shares of Banco Macro from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. Finally, Citigroup raised shares of Banco Macro from a “neutral” rating to a “buy” rating in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $46.50.
NYSE BMA traded up $2.93 during trading hours on Friday, reaching $51.43. 11,005 shares of the company were exchanged, compared to its average volume of 351,623. Banco Macro has a 1 year low of $32.00 and a 1 year high of $111.67. The company has a market capitalization of $3.19 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 0.41 and a beta of 0.73.
A number of institutional investors have recently added to or reduced their stakes in BMA. Tibra Equities Europe Ltd bought a new stake in Banco Macro during the 1st quarter worth approximately $2,531,000. Deutsche Bank AG increased its holdings in Banco Macro by 18.3% during the 4th quarter. Deutsche Bank AG now owns 40,224 shares of the bank’s stock worth $1,778,000 after acquiring an additional 6,222 shares during the period. FMR LLC increased its holdings in Banco Macro by 5.1% during the 4th quarter. FMR LLC now owns 39,667 shares of the bank’s stock worth $1,754,000 after acquiring an additional 1,907 shares during the period. Nordea Investment Management AB increased its holdings in Banco Macro by 17.2% during the 4th quarter. Nordea Investment Management AB now owns 20,096 shares of the bank’s stock worth $889,000 after acquiring an additional 2,947 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Banco Macro by 293.5% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 27,673 shares of the bank’s stock worth $1,224,000 after acquiring an additional 20,640 shares during the period. Institutional investors and hedge funds own 21.29% of the company’s stock.
Banco Macro Company Profile
Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.
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