Zacks: Brokerages Expect Grupo Aeroportuario del Centro Nort (OMAB) to Post $0.68 EPS

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Wall Street analysts expect Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) to post earnings per share of $0.68 for the current quarter, according to Zacks. Zero analysts have issued estimates for Grupo Aeroportuario del Centro Nort’s earnings. Grupo Aeroportuario del Centro Nort posted earnings of $0.67 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The firm is expected to announce its next earnings report on Tuesday, April 16th.

According to Zacks, analysts expect that Grupo Aeroportuario del Centro Nort will report full-year earnings of $3.31 per share for the current financial year, with EPS estimates ranging from $3.17 to $3.44. For the next financial year, analysts expect that the company will post earnings of $3.61 per share, with EPS estimates ranging from $3.32 to $3.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Grupo Aeroportuario del Centro Nort.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last announced its earnings results on Monday, February 11th. The transportation company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.11. The company had revenue of $102.05 million for the quarter. Grupo Aeroportuario del Centro Nort had a return on equity of 36.51% and a net margin of 36.06%.

Several research firms have weighed in on OMAB. BidaskClub raised Grupo Aeroportuario del Centro Nort from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 17th. Zacks Investment Research raised Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Saturday, January 19th. Scotiabank raised Grupo Aeroportuario del Centro Nort from a “sector perform” rating to an “outperform” rating in a research report on Monday, February 11th. Finally, TheStreet raised Grupo Aeroportuario del Centro Nort from a “c+” rating to a “b-” rating in a research report on Wednesday, January 9th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $52.67.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Grupo Aeroportuario del Centro Nort by 22.5% in the third quarter. BlackRock Inc. now owns 848,565 shares of the transportation company’s stock worth $48,327,000 after purchasing an additional 155,973 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Grupo Aeroportuario del Centro Nort by 125.7% during the 4th quarter. Deutsche Bank AG now owns 150,771 shares of the transportation company’s stock valued at $5,731,000 after buying an additional 83,956 shares during the last quarter. Millennium Management LLC lifted its position in shares of 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 valued at $3,446,000 after buying an additional 22,886 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Grupo Aeroportuario del Centro Nort by 0.8% during the 4th quarter. Nuveen Asset Management LLC now owns 69,931 shares of the transportation company’s stock valued at $2,659,000 after buying an additional 547 shares during the last quarter. Finally, Smith Asset Management Group LP lifted its position in shares of Grupo Aeroportuario del Centro Nort by 130.3% during the 4th quarter. Smith Asset Management Group LP now owns 63,250 shares of the transportation company’s stock valued at $2,405,000 after buying an additional 35,790 shares during the last quarter. 13.24% of the stock is currently owned by institutional investors and hedge funds.

OMAB stock traded down $0.58 during midday trading on Thursday, hitting $48.11. The company’s stock had a trading volume of 59,838 shares, compared to its average volume of 83,644. The company has a current ratio of 3.27, a quick ratio of 2.63 and a debt-to-equity ratio of 0.53. Grupo Aeroportuario del Centro Nort has a 1 year low of $33.39 and a 1 year high of $58.10. The stock has a market cap of $2.07 billion, a P/E ratio of 16.31, a P/E/G ratio of 4.93 and a beta of 0.92.

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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