Banco Macro (BMA) Expected to Announce Quarterly Earnings on Thursday

Banco Macro (NYSE:BMA - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 22nd. Analysts expect the company to announce earnings of $1.76 per share and revenue of $837.49 billion for the quarter.

Banco Macro Trading Down 1.1%

NYSE BMA traded down $1.08 on Tuesday, reaching $95.46. The company had a trading volume of 198,938 shares, compared to its average volume of 328,610. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 8.37 and a beta of 1.73. Banco Macro has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The business has a 50 day moving average of $84.13 and a two-hundred day moving average of $89.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79.

Analyst Ratings Changes

A number of analysts recently weighed in on BMA shares. JPMorgan Chase & Co. increased their price objective on Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Itau BBA Securities began coverage on Banco Macro in a report on Tuesday. They issued a "market perform" rating and a $85.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $62.13.

Institutional Trading of Banco Macro

A number of large investors have recently bought and sold shares of BMA. NewEdge Advisors LLC acquired a new stake in shares of Banco Macro in the 1st quarter valued at about $704,000. Jones Financial Companies Lllp grew its stake in shares of Banco Macro by 271,350.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank's stock valued at $410,000 after buying an additional 5,427 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Banco Macro by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank's stock valued at $5,045,000 after buying an additional 21,613 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Banco Macro by 106.5% in the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank's stock valued at $1,035,000 after buying an additional 7,067 shares during the period.

About Banco Macro

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking 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, and money transfers.