Grupo Supervielle (NYSE:SUPV) Announces Quarterly Earnings Results

Key Points

• Grupo Supervielle reported a quarterly EPS of $0.14, which fell short of the expected $0.25, indicating some challenges in meeting market expectations.
• The company's stock saw a decline, trading down $0.19 on Wednesday to reach $10.83, amid a trading volume slightly below its average.
• Wall Street analysts upgraded Grupo Supervielle's rating from "sell" to "hold", suggesting a potential for stabilization in the company's stock performance.

Grupo Supervielle (NYSE:SUPV - Get Free Report) announced its earnings results on Wednesday. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.11), Zacks reports. Grupo Supervielle had a return on equity of 8.02% and a net margin of 4.33%.

Grupo Supervielle Stock Performance

Shares of SUPV stock traded down $0.19 on Wednesday, hitting $10.83. The company's stock had a trading volume of 1,238,154 shares, compared to its average volume of 1,239,143. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 0.88. The stock's 50 day moving average is $10.76 and its 200-day moving average is $13.10. Grupo Supervielle has a fifty-two week low of $6.75 and a fifty-two week high of $19.75. The company has a market capitalization of $958.78 million, a PE ratio of 14.64, a PEG ratio of 11.28 and a beta of 1.65.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday, May 30th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC grew its stake in shares of Grupo Supervielle by 46.3% during the first quarter. Millennium Management LLC now owns 752,124 shares of the company's stock worth $9,823,000 after buying an additional 238,064 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Grupo Supervielle by 38.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company's stock worth $1,788,000 after acquiring an additional 38,247 shares during the last quarter. Cetera Investment Advisers grew its position in Grupo Supervielle by 29.3% during the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company's stock worth $281,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Jump Financial LLC increased its holdings in Grupo Supervielle by 19.4% in the 2nd quarter. Jump Financial LLC now owns 132,156 shares of the company's stock worth $1,400,000 after purchasing an additional 21,471 shares in the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.

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