Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) issued its earnings results on Tuesday. The transportation company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.08), reports. The firm had revenue of $268.96 million during the quarter, compared to analyst estimates of $255.11 million. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB traded up $4.27 during mid-day trading on Thursday, hitting $102.52. 98,728 shares of the company traded hands, compared to its average volume of 96,824. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.94 and a beta of 0.61. The business has a 50-day moving average of $97.73 and a 200 day moving average of $107.86. Grupo Aeroportuario del Centro Norte has a one year low of $87.31 and a one year high of $134.99.

Analysts Set New Price Targets

OMAB has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $134.00.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.