Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $46.67, but opened at $45.30. Grupo Financiero Banorte SAB de CV shares last traded at $45.81, with a volume of 7,363 shares.
Grupo Financiero Banorte SAB de CV Price Performance
The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.00 and a beta of 0.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.79 and a quick ratio of 0.79. The company's 50-day moving average is $44.75 and its 200-day moving average is $39.08.
Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $26.79 by ($25.47). Grupo Financiero Banorte SAB de CV had a return on equity of 21.51% and a net margin of 13.21%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $40.28 billion. On average, research analysts expect that Grupo Financiero Banorte SAB de CV will post 4.84 earnings per share for the current year.
Grupo Financiero Banorte SAB de CV Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, May 6th were paid a $2.1897 dividend. This represents a yield of 12.07%. The ex-dividend date was Monday, May 5th. This is a boost from Grupo Financiero Banorte SAB de CV's previous dividend of $0.86. Grupo Financiero Banorte SAB de CV's dividend payout ratio is 55.82%.
About Grupo Financiero Banorte SAB de CV
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Grupo Financiero Banorte SAB de CV, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Financiero Banorte SAB de CV wasn't on the list.
While Grupo Financiero Banorte SAB de CV currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
