Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) to Issue Dividend of $2.92 on June 3rd

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) declared a dividend on Thursday, May 14th. Stockholders of record on Tuesday, May 26th will be given a dividend of 2.9165 per share by the transportation company on Wednesday, June 3rd. This represents a dividend yield of 558.0%. The ex-dividend date is Tuesday, May 26th.

Grupo Aeroportuario del Centro Norte has a dividend payout ratio of 71.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Grupo Aeroportuario del Centro Norte to earn $8.39 per share next year, which means the company should continue to be able to cover its $5.15 annual dividend with an expected future payout ratio of 61.4%.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $103.21 on Friday. The business has a 50-day moving average of $110.59 and a 200 day moving average of $111.83. Grupo Aeroportuario del Centro Norte has a 12 month low of $95.19 and a 12 month high of $134.99. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.12.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its earnings results on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. The firm had revenue of $213.33 million for the quarter, compared to analysts’ expectations of $199.73 million. As a group, sell-side analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

OMAB has been the subject of a number of research analyst reports. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research cut Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Finally, HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and increased their price target for the company from $112.00 to $134.00 in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.