Grupo Supervielle (NYSE:SUPV) Issues 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 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.08), Zacks reports. Grupo Supervielle had a return on equity of 6.84% and a net margin of 4.08%. The business had revenue of $210.52 million for the quarter, compared to analysts' expectations of $283.67 billion.

Grupo Supervielle Stock Performance

Grupo Supervielle stock traded up $0.31 during midday trading on Monday, hitting $9.99. 861,132 shares of the company's stock were exchanged, compared to its average volume of 1,201,510. Grupo Supervielle has a 12-month low of $6.75 and a 12-month high of $19.75. 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 has a market cap of $884.41 million, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 12.28 and a beta of 1.65. The firm's 50 day simple moving average is $10.67 and its 200 day simple moving average is $12.96.

Hedge Funds Weigh In On Grupo Supervielle

Several institutional investors have recently bought and sold shares of SUPV. Millennium Management LLC boosted its holdings in shares of Grupo Supervielle by 46.3% in the first quarter. Millennium Management LLC now owns 752,124 shares of the company's stock valued at $9,823,000 after acquiring an additional 238,064 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in shares of Grupo Supervielle by 15.8% in the second quarter. Brevan Howard Capital Management LP now owns 473,615 shares of the company's stock valued at $5,304,000 after purchasing an additional 64,615 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Grupo Supervielle by 196.6% in the second quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company's stock valued at $3,874,000 after purchasing an additional 242,440 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Grupo Supervielle in the second quarter valued at about $2,568,000. Finally, Jane Street Group LLC acquired a new stake in shares of Grupo Supervielle in the second quarter valued at about $2,562,000.

Wall Street Analyst Weigh In

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

About Grupo Supervielle

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.