Wall Street analysts forecast that Banco Macro SA ADR (NYSE:BMA) will announce $1.54 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Banco Macro’s earnings, with estimates ranging from $1.50 to $1.58. Banco Macro reported earnings per share of $2.40 during the same quarter last year, which indicates a negative year-over-year growth rate of 35.8%. The business is scheduled to issue its next earnings report on Monday, February 18th.
According to Zacks, analysts expect that Banco Macro will report full year earnings of $5.70 per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of $6.89 per share, with EPS estimates ranging from $6.47 to $7.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Banco Macro.
A number of research analysts have recently weighed in on BMA shares. TheStreet lowered Banco Macro from a “b-” rating to a “c+” rating in a report on Monday, August 20th. Zacks Investment Research raised Banco Macro from a “strong sell” rating to a “hold” rating in a report on Monday, August 20th. Citigroup lowered Banco Macro from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. JPMorgan Chase & Co. lowered Banco Macro from an “overweight” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Thursday, August 23rd. Finally, ValuEngine raised Banco Macro from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $85.50.
Shares of BMA stock traded down $0.83 during mid-day trading on Friday, reaching $44.39. The stock had a trading volume of 153,372 shares, compared to its average volume of 197,665. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.16. The firm has a market capitalization of $2.92 billion, a PE ratio of 5.13, a P/E/G ratio of 0.57 and a beta of 0.97. Banco Macro has a 1-year low of $32.00 and a 1-year high of $121.90.
A number of institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP raised its stake in Banco Macro by 301.7% during the 3rd quarter. Quantbot Technologies LP now owns 3,101 shares of the bank’s stock valued at $128,000 after acquiring an additional 2,329 shares during the last quarter. Exane Derivatives grew its holdings in Banco Macro by 202.6% during the 3rd quarter. Exane Derivatives now owns 3,126 shares of the bank’s stock valued at $133,000 after buying an additional 2,093 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Banco Macro during the 2nd quarter valued at $239,000. Capital Fund Management S.A. acquired a new stake in Banco Macro during the 2nd quarter valued at $259,000. Finally, Majedie Asset Management Ltd grew its holdings in Banco Macro by 96.5% during the 3rd quarter. Majedie Asset Management Ltd now owns 6,698 shares of the bank’s stock valued at $277,000 after buying an additional 3,290 shares during the last quarter. 25.19% of the stock is currently owned by hedge funds and other institutional investors.
About Banco Macro
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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