Zacks: Brokerages Anticipate Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) to Post $0.73 EPS

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Equities research analysts expect Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) to report earnings of $0.73 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Grupo Aeroportuario del Centro Nort’s earnings. Grupo Aeroportuario del Centro Nort reported earnings per share of $0.74 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.4%. The company is scheduled to report its next earnings results on Wednesday, July 17th.

According to Zacks, analysts expect that Grupo Aeroportuario del Centro Nort will report full year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.12 to $3.48. For the next year, analysts anticipate that the business will post earnings of $3.63 per share, with EPS estimates ranging from $3.31 to $3.94. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Grupo Aeroportuario del Centro Nort.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.11. Grupo Aeroportuario del Centro Nort had a net margin of 37.98% and a return on equity of 37.05%. The business had revenue of $101.10 million during the quarter.

Several research analysts have weighed in on the stock. BidaskClub lowered shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. ValuEngine upgraded shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Finally, Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $52.67.

OMAB traded up $0.78 on Wednesday, reaching $51.80. The company had a trading volume of 98,623 shares, compared to its average volume of 86,459. Grupo Aeroportuario del Centro Nort has a 1 year low of $33.39 and a 1 year high of $58.10. The company has a market cap of $2.20 billion, a PE ratio of 17.59, a PEG ratio of 5.18 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.36 and a quick ratio of 3.36. The stock’s 50-day simple moving average is $49.92.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of Grupo Aeroportuario del Centro Nort during the fourth quarter valued at approximately $1,234,000. Millennium Management LLC grew its holdings in Grupo Aeroportuario del Centro Nort by 33.8% during the 4th quarter. Millennium Management LLC now owns 90,641 shares of the transportation company’s stock worth $3,446,000 after acquiring an additional 22,886 shares in the last quarter. SPX Equities Gestao de Recursos Ltda acquired a new position in Grupo Aeroportuario del Centro Nort during the 1st quarter worth $1,055,000. O Shaughnessy Asset Management LLC grew its holdings in Grupo Aeroportuario del Centro Nort by 639.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 3,024 shares of the transportation company’s stock worth $115,000 after acquiring an additional 2,615 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Grupo Aeroportuario del Centro Nort by 71.6% during the 4th quarter. Northern Trust Corp now owns 37,136 shares of the transportation company’s stock worth $1,412,000 after acquiring an additional 15,498 shares in the last quarter. 13.52% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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