Grupo Supervielle (NYSE:SUPV) Issues Quarterly Earnings Results

Grupo Supervielle (NYSE:SUPV) posted its earnings results on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07, Zacks reports. Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%.

Grupo Supervielle Price Performance

Shares of SUPV stock traded down $1.23 during midday trading on Monday, reaching $12.63. 1,341,369 shares of the company were exchanged, compared to its average volume of 1,275,128. The company’s 50 day moving average price is $15.79 and its two-hundred day moving average price is $11.85. The company has a market cap of $1.12 billion, a P/E ratio of 17.53 and a beta of 2.02. Grupo Supervielle has a 12 month low of $4.36 and a 12 month high of $19.75. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86.

Analyst Ratings Changes

A number of research firms recently weighed in on SUPV. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, December 12th.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.