$2.06 Earnings Per Share Expected for Banco Macro SA ADR (NYSE:BMA) This Quarter

Equities analysts expect that Banco Macro SA ADR (NYSE:BMA) will announce earnings of $2.06 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Banco Macro’s earnings. The lowest EPS estimate is $1.90 and the highest is $2.22. Banco Macro posted earnings of $2.02 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The firm is scheduled to announce its next earnings results on Wednesday, August 28th.

On average, analysts expect that Banco Macro will report full-year earnings of $8.25 per share for the current financial year, with EPS estimates ranging from $7.34 to $8.91. For the next fiscal year, analysts forecast that the business will report earnings of $9.11 per share, with EPS estimates ranging from $6.47 to $12.48. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Banco Macro.

Banco Macro (NYSE:BMA) last announced its quarterly earnings data on Thursday, May 9th. The bank reported $2.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.62. Banco Macro had a return on equity of 31.08% and a net margin of 21.82%. The firm had revenue of $423.75 million during the quarter.

Several equities analysts have recently issued reports on BMA shares. ValuEngine cut Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. Santander raised BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. TheStreet raised SUMMIT THERAPEU/S from a “d” rating to a “c-” rating in a research note on Thursday, June 13th. Finally, HSBC cut Banco Macro from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.00.

Shares of BMA traded down $0.60 during mid-day trading on Friday, hitting $73.30. 353,016 shares of the company’s stock traded hands, compared to its average volume of 478,866. The company has a quick ratio of 1.08, a current ratio of 0.94 and a debt-to-equity ratio of 0.44. Banco Macro has a 1 year low of $32.00 and a 1 year high of $76.22. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 9.37 and a beta of 0.66. The business has a 50-day simple moving average of $62.79.

A number of hedge funds have recently modified their holdings of the stock. Boston Partners raised its holdings in shares of Banco Macro by 1.5% during the first quarter. Boston Partners now owns 47,871 shares of the bank’s stock valued at $2,191,000 after acquiring an additional 692 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of Banco Macro during the first quarter valued at approximately $41,000. Avalon Advisors LLC raised its holdings in shares of Banco Macro by 6.5% during the first quarter. Avalon Advisors LLC now owns 27,080 shares of the bank’s stock valued at $1,239,000 after acquiring an additional 1,642 shares in the last quarter. FMR LLC raised its holdings in shares of Banco Macro by 5.1% during the fourth quarter. FMR LLC now owns 39,667 shares of the bank’s stock valued at $1,754,000 after acquiring an additional 1,907 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Banco Macro in the first quarter worth $98,000. 23.66% of the stock is currently owned by institutional investors.

Banco Macro Company Profile

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.

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