Grupo Aeroportuario del Centro Norte, SAB de CV (NASDAQ: OMAB) to report earnings of $ 0.62 per share

Equity research analysts expect Grupo Aeroportuario del Centro Norte, SAB de CV (NASDAQ: OMAB) to report earnings per share of $ 0.62 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts made estimates for Grupo Aeroportuario del Centro Norte earnings. Grupo Aeroportuario del Centro Norte reported earnings of $ 0.06 per share in the same quarter of last year, indicating a positive year-over-year growth rate of 933.3%. The company is expected to release its next earnings report after the market closes on Tuesday, October 26.

On average, analysts predict that Grupo Aeroportuario del Centro Norte will report annual earnings of $ 2.61 per share for the current fiscal year, with EPS estimates ranging from $ 2.22 to $ 2.99. For next year, analysts predict the company will post earnings of $ 3.67 per share, with EPS estimates ranging from $ 3.31 to $ 4.03. Zacks’ BPA calculations are an average based on a survey of analysts who cover Grupo Aeroportuario del Centro Norte.

Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB) last reported its quarterly results on Tuesday, July 27. The transportation company reported EPS of $ 0.64 for the quarter, beating the Zacks’ consensus estimate by $ 0.61 by $ 0.03. The company reported sales of $ 109.04 million for the quarter. Grupo Aeroportuario del Centro Norte recorded a return on equity of 12.13% and a net margin of 21.01%.

Separately, Zacks Investment Research downgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and set a target price of $ 56.00 on the stock in a research note on Saturday. A stock research analyst rated the stock with a sell rating, five assigned a conservation rating, and three assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $ 52.20.

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Shares of Grupo Aeroportuario del Centro Norte opened at $ 49.97 on Friday. The company has a leverage ratio of 0.44, a current ratio of 3.97 and a quick ratio of 3.97. The company’s 50-day simple moving average is $ 48.36 and its two-hundred-day simple moving average is $ 50.08. The stock has a market cap of $ 2.15 billion, a P / E ratio of 37.29, a price / earnings-growth ratio of 6.23 and a beta of 1.48. Grupo Aeroportuario del Centro Norte has a one-year minimum of $ 35.13 and a one-year maximum of $ 60.53.

Several hedge funds recently changed their holdings to OMAB. Morgan Stanley increased its position in shares of Grupo Aeroportuario del Centro Norte by 914.3% in the first quarter. Morgan Stanley now owns 442,750 shares of the transportation company worth $ 22,368,000 after purchasing an additional 399,098 shares in the last quarter. State Street Corp increased its position in shares of Grupo Aeroportuario del Centro Norte by 16.8% in the 2nd quarter. State Street Corp now owns 326,758 shares of the transportation company worth $ 17,060,000 after purchasing an additional 47,118 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 559.0% in the 1st quarter. SG Americas Securities LLC now owns 43,766 shares of the transportation company valued at $ 2,211,000 after purchasing an additional 37,125 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 13.5% in the 1st quarter. Nuveen Asset Management LLC now owns 291,142 shares of the transportation company valued at $ 14,708,000 after purchasing an additional 34,741 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Grupo Aeroportuario del Centro Norte by 47.6% in the second quarter. Northern Trust Corp now owns 58,948 shares of the transportation company valued at $ 3,078,000 after purchasing an additional 19,006 shares in the last quarter. Hedge funds and other institutional investors hold 9.12% of the company’s shares.

Company profile Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte SAB de CV is a holding company engaged in the operation and management of airports. It operates through the following segments: metropolitan, tourist, regional, border, hotel, industrial park and other. The metropolitan segment manages the operations of Monterrey airport.

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