Grupo Supervielle (NYSE:SUPV) Shares Down 8.2% on Disappointing Earnings

Key Points

• Grupo Supervielle's stock price dropped 8.2% following a disappointing earnings report, with earnings per share at $0.14, missing expectations of $0.22.
• The company's revenue for the quarter was reported at $210.52 million, significantly below the analysts' projected $283.67 million.
• Wall Street analysts have upgraded Grupo Supervielle from a "sell" rating to a "hold" rating, indicating a cautious outlook for investors.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price fell 8.2% on Thursday following a weaker than expected earnings announcement. The stock traded as low as $10.05 and last traded at $10.03. 311,455 shares were traded during trading, a decline of 74% from the average session volume of 1,181,177 shares. The stock had previously closed at $10.92.

The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). The business had revenue of $210.52 million during the quarter, compared to the consensus estimate of $283.67 billion. Grupo Supervielle had a return on equity of 6.84% and a net margin of 4.08%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently made changes to their positions in SUPV. Sparta 24 Ltd. purchased a new position in shares of Grupo Supervielle in the second quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Grupo Supervielle by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock worth $104,000 after acquiring an additional 737 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Grupo Supervielle during the 4th quarter valued at $258,000. Cetera Investment Advisers bought a new position in Grupo Supervielle in the 1st quarter worth $268,000. Finally, NewEdge Advisors LLC lifted its position in Grupo Supervielle by 4.9% during the fourth quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock valued at $281,000 after purchasing an additional 867 shares in the last quarter.

Grupo Supervielle Stock Down 4.3%

The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $10.63 and a 200-day simple moving average of $12.91. The firm has a market cap of $851.87 million, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 12.28 and a beta of 1.65.

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.