Zacks: Analysts Anticipate GRUPO AVAL ACCI/S (AVAL) to Announce $0.19 Earnings Per Share

Brokerages expect GRUPO AVAL ACCI/S (NYSE:AVAL) to post $0.19 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for GRUPO AVAL ACCI/S’s earnings. GRUPO AVAL ACCI/S reported earnings of $0.12 per share in the same quarter last year, which would suggest a positive year over year growth rate of 58.3%. The business is scheduled to announce its next earnings results on Thursday, November 29th.

On average, analysts expect that GRUPO AVAL ACCI/S will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.77. For the next fiscal year, analysts expect that the company will report earnings of $0.89 per share, with EPS estimates ranging from $0.88 to $0.89. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for GRUPO AVAL ACCI/S.

GRUPO AVAL ACCI/S (NYSE:AVAL) last issued its quarterly earnings data on Thursday, August 16th. The bank reported $0.24 earnings per share for the quarter. The firm had revenue of $1.81 billion for the quarter. GRUPO AVAL ACCI/S had a return on equity of 8.56% and a net margin of 9.22%.

AVAL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered GRUPO AVAL ACCI/S from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. JPMorgan Chase & Co. upgraded GRUPO AVAL ACCI/S from an “underweight” rating to a “neutral” rating and set a $9.00 price objective on the stock in a research report on Monday, July 30th. Finally, ValuEngine lowered GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th.

Shares of AVAL stock opened at $7.36 on Friday. The company has a market capitalization of $2.57 billion, a PE ratio of 12.27 and a beta of 0.63. GRUPO AVAL ACCI/S has a fifty-two week low of $6.67 and a fifty-two week high of $9.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.15 and a current ratio of 1.15.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 11th. Stockholders of record on Friday, November 30th will be given a $0.0265 dividend. The ex-dividend date is Thursday, November 29th. This represents a dividend yield of 4.1%. GRUPO AVAL ACCI/S’s dividend payout ratio is currently 50.00%.

Several hedge funds have recently modified their holdings of AVAL. Northern Trust Corp lifted its stake in shares of GRUPO AVAL ACCI/S by 6.8% in the 1st quarter. Northern Trust Corp now owns 408,598 shares of the bank’s stock valued at $3,396,000 after purchasing an additional 26,032 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of GRUPO AVAL ACCI/S by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 351,080 shares of the bank’s stock valued at $2,918,000 after purchasing an additional 12,841 shares during the period. Guggenheim Capital LLC lifted its stake in shares of GRUPO AVAL ACCI/S by 18.5% in the 1st quarter. Guggenheim Capital LLC now owns 321,124 shares of the bank’s stock valued at $2,669,000 after purchasing an additional 50,209 shares during the period. Aperio Group LLC lifted its stake in shares of GRUPO AVAL ACCI/S by 16.9% in the 2nd quarter. Aperio Group LLC now owns 371,054 shares of the bank’s stock valued at $3,076,000 after purchasing an additional 53,663 shares during the period. Finally, Newfoundland Capital Management purchased a new position in shares of GRUPO AVAL ACCI/S in the 2nd quarter valued at approximately $3,886,000. Hedge funds and other institutional investors own 21.59% of the company’s stock.

GRUPO AVAL ACCI/S Company Profile

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.

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