Brokerages Anticipate GRUPO AVAL ACCI/S (AVAL) Will Post Earnings of $0.18 Per Share

Analysts expect that GRUPO AVAL ACCI/S (NYSE:AVAL) will report earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for GRUPO AVAL ACCI/S’s earnings. GRUPO AVAL ACCI/S reported earnings of $0.14 per share in the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The firm is scheduled to announce its next earnings results on Thursday, March 28th.

On average, analysts expect that GRUPO AVAL ACCI/S will report full-year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.76 to $0.78. For the next fiscal year, analysts forecast that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.87 to $0.89. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow GRUPO AVAL ACCI/S.

Several brokerages have recently issued reports on AVAL. Zacks Investment Research raised GRUPO AVAL ACCI/S from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Santander raised GRUPO AVAL ACCI/S from a “hold” rating to a “buy” rating in a report on Monday, November 19th. ValuEngine cut GRUPO AVAL ACCI/S from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 21st. Finally, JPMorgan Chase & Co. set a $8.00 target price on GRUPO AVAL ACCI/S and gave the stock a “hold” rating in a report on Tuesday, November 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. GRUPO AVAL ACCI/S has an average rating of “Hold” and a consensus target price of $9.00.

Several institutional investors have recently bought and sold shares of AVAL. Bank of Montreal Can raised its stake in GRUPO AVAL ACCI/S by 22.4% in the third quarter. Bank of Montreal Can now owns 80,765 shares of the bank’s stock worth $627,000 after buying an additional 14,800 shares in the last quarter. Aperio Group LLC grew its holdings in shares of GRUPO AVAL ACCI/S by 21.8% during the third quarter. Aperio Group LLC now owns 451,919 shares of the bank’s stock valued at $3,507,000 after buying an additional 80,865 shares during the last quarter. Sagil Capital LLP purchased a new stake in GRUPO AVAL ACCI/S in the third quarter valued at $11,418,000. Acadian Asset Management LLC boosted its holdings in GRUPO AVAL ACCI/S by 19.1% in the third quarter. Acadian Asset Management LLC now owns 285,015 shares of the bank’s stock valued at $2,212,000 after purchasing an additional 45,732 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in GRUPO AVAL ACCI/S by 27.1% in the second quarter. Millennium Management LLC now owns 179,596 shares of the bank’s stock valued at $1,489,000 after purchasing an additional 38,280 shares during the last quarter. 18.37% of the stock is owned by hedge funds and other institutional investors.

NYSE AVAL opened at $6.47 on Tuesday. The stock has a market capitalization of $2.28 billion, a PE ratio of 10.78 and a beta of 0.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.06 and a quick ratio of 1.06. GRUPO AVAL ACCI/S has a 1-year low of $6.24 and a 1-year high of $9.51.

The firm also recently announced a special dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Friday, November 30th will be given a dividend of $0.0265 per share. The ex-dividend date is Thursday, November 29th. This represents a dividend yield of 4.1%. GRUPO AVAL ACCI/S’s dividend payout ratio (DPR) is presently 50.00%.

GRUPO AVAL ACCI/S Company Profile

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.

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