Banco Macro (BMA) to Release Earnings on Wednesday

Banco Macro (NYSE:BMA) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $2.41 per share and revenue of $830.64 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Banco Macro (NYSE:BMA) last posted its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. On average, analysts expect Banco Macro to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Banco Macro Stock Performance

Banco Macro stock opened at $87.97 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.62 billion, a PE ratio of 7.71 and a beta of 1.67. Banco Macro has a 12-month low of $35.89 and a 12-month high of $118.42. The business’s 50-day moving average price is $100.86 and its two-hundred day moving average price is $82.11.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price objective for the company in a research report on Monday, December 16th.

About Banco Macro

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.