Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) Sets New 12-Month High - What's Next?

Key Points

• Grupo Financiero Banorte SAB de CV reached a new 52-week high of $48.00 during trading, closing at $46.54 with a volume of 1,038 shares traded.
• The company reported earnings of $1.33 EPS for the quarter, missing estimates by $0.02, with quarterly revenue at $2.01 billion.
• Grupo Financiero Banorte has a market cap of $26.36 billion and robust financial ratios, including a debt-to-equity ratio of 0.54 and a return on equity of 21.67%.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $48.00 and last traded at $46.54, with a volume of 1038 shares traded. The stock had previously closed at $45.68.

Grupo Financiero Banorte SAB de CV Price Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $26.36 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.96 and a beta of 0.75. The company has a 50-day moving average of $44.94 and a 200 day moving average of $41.82.

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.02). The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $40.02 billion. Grupo Financiero Banorte SAB de CV had a return on equity of 21.67% and a net margin of 13.01%. On average, sell-side analysts anticipate that Grupo Financiero Banorte SAB de CV will post 4.84 EPS for the current year.

About Grupo Financiero Banorte SAB de CV

Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.

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