Analysts Anticipate Grupo Aeroportuario del Centro Nort (OMAB) to Announce $0.68 EPS

Equities analysts forecast that Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) will announce $0.68 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Grupo Aeroportuario del Centro Nort’s earnings. Grupo Aeroportuario del Centro Nort reported earnings per share of $0.67 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The business is scheduled to announce its next earnings results on Tuesday, April 16th.

According to Zacks, analysts expect that Grupo Aeroportuario del Centro Nort will report full-year earnings of $3.31 per share for the current fiscal year, with EPS estimates ranging from $3.17 to $3.44. For the next fiscal year, analysts anticipate that the business will report earnings of $3.61 per share, with EPS estimates ranging from $3.32 to $3.90. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Grupo Aeroportuario del Centro Nort.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last announced its quarterly earnings results on Monday, February 11th. The transportation company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.11. Grupo Aeroportuario del Centro Nort had a net margin of 36.06% and a return on equity of 36.51%. The firm had revenue of $102.05 million for the quarter.

OMAB has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. TheStreet upgraded shares of Grupo Aeroportuario del Centro Nort from a “c+” rating to a “b-” rating in a research note on Wednesday, January 9th. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Nort from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 11th. Finally, HSBC upgraded shares of Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $52.67.

NASDAQ:OMAB traded down $0.58 during midday trading on Thursday, hitting $48.11. 59,838 shares of the company were exchanged, compared to its average volume of 83,644. Grupo Aeroportuario del Centro Nort has a fifty-two week low of $33.39 and a fifty-two week high of $58.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.27 and a quick ratio of 2.63. The firm has a market capitalization of $2.07 billion, a P/E ratio of 16.31, a P/E/G ratio of 4.93 and a beta of 0.92.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Grupo Aeroportuario del Centro Nort by 22.5% in the third quarter. BlackRock Inc. now owns 848,565 shares of the transportation company’s stock valued at $48,327,000 after purchasing an additional 155,973 shares during the period. Deutsche Bank AG increased its stake in Grupo Aeroportuario del Centro Nort by 125.7% in the fourth quarter. Deutsche Bank AG now owns 150,771 shares of the transportation company’s stock valued at $5,731,000 after purchasing an additional 83,956 shares during the period. Millennium Management LLC increased its stake in Grupo Aeroportuario del Centro Nort by 33.8% in the fourth quarter. Millennium Management LLC now owns 90,641 shares of the transportation company’s stock valued at $3,446,000 after purchasing an additional 22,886 shares during the period. Nuveen Asset Management LLC increased its stake in Grupo Aeroportuario del Centro Nort by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 69,931 shares of the transportation company’s stock valued at $2,659,000 after purchasing an additional 547 shares during the period. Finally, Smith Asset Management Group LP increased its stake in Grupo Aeroportuario del Centro Nort by 130.3% in the fourth quarter. Smith Asset Management Group LP now owns 63,250 shares of the transportation company’s stock valued at $2,405,000 after purchasing an additional 35,790 shares during the period. Institutional investors own 13.24% of the company’s stock.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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