Grupo Financiero Banorte SAB de CV (GBOOY) Projected to Announce Earnings on Wednesday

Grupo Financiero Banorte SAB de CV (OTCMKTS:GBOOY) is projected to announce its results before the market opens on Wednesday, October 28th. Analysts expect Grupo Financiero Banorte SAB de CV to post earnings of $1.52 per share and revenue of $2.22 billion for the quarter.

Grupo Financiero Banorte SAB de CV Stock Up 0.8%

Shares of OTCMKTS:GBOOY opened at $57.66 on Tuesday. The business’s 50 day moving average is $55.49 and its 200 day moving average is $55.02. The stock has a market cap of $32.44 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.71. Grupo Financiero Banorte SAB de CV has a 52-week low of $45.00 and a 52-week high of $63.81. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.64.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Grupo Financiero Banorte SAB de CV from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Grupo Financiero Banorte SAB de CV has a consensus rating of “Sell”.

Grupo Financiero Banorte SAB de CV Company Profile

Grupo Financiero Banorte, SAB. de C.V. is a Mexico-based financial services holding company and the parent organization of Grupo Financiero Banorte. Through its subsidiaries, the group provides banking, insurance, retirement savings, investment, brokerage and other financial services to individuals, small and medium-sized businesses, corporations and government entities.

Its principal banking subsidiary, Banco Mercantil del Norte, operates under the Banorte brand and offers deposit accounts, consumer and commercial loans, mortgages, credit cards, payment services, investment products and digital banking.