Zacks: Analysts Expect Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) Will Announce Earnings of $0.82 Per Share

Analysts expect that Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) will announce earnings per share of $0.82 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Grupo Aeroportuario del Centro Nort’s earnings. Grupo Aeroportuario del Centro Nort posted earnings per share of $0.78 during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is scheduled to report its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that Grupo Aeroportuario del Centro Nort will report full year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $3.26 to $3.57. For the next fiscal year, analysts expect that the company will report earnings of $3.73 per share, with EPS estimates ranging from $3.33 to $4.13. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Grupo Aeroportuario del Centro Nort.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last announced its earnings results on Wednesday, July 24th. The transportation company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Grupo Aeroportuario del Centro Nort had a return on equity of 37.00% and a net margin of 38.86%. The business had revenue of $113.38 million during the quarter.

Several equities research analysts recently commented on OMAB shares. UBS Group raised Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a report on Tuesday, September 24th. ValuEngine cut Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a report on Friday, June 28th. Zacks Investment Research raised Grupo Aeroportuario del Centro Nort from a “hold” rating to a “strong-buy” rating and set a $55.00 price target for the company in a report on Thursday, October 3rd. Finally, BidaskClub raised Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating in a report on Saturday, October 5th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Grupo Aeroportuario del Centro Nort currently has a consensus rating of “Buy” and an average price target of $52.00.

Shares of NASDAQ:OMAB traded up $0.88 during midday trading on Friday, hitting $51.53. The company had a trading volume of 5,390 shares, compared to its average volume of 43,710. Grupo Aeroportuario del Centro Nort has a twelve month low of $33.39 and a twelve month high of $54.13. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.97 and a quick ratio of 2.97. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 5.00 and a beta of 0.79. The business’s 50-day simple moving average is $47.82 and its 200-day simple moving average is $48.60.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OMAB. BlackRock Inc. boosted its holdings in Grupo Aeroportuario del Centro Nort by 3.2% in the second quarter. BlackRock Inc. now owns 939,100 shares of the transportation company’s stock valued at $45,902,000 after purchasing an additional 29,553 shares during the period. Renaissance Technologies LLC boosted its holdings in Grupo Aeroportuario del Centro Nort by 3.1% in the second quarter. Renaissance Technologies LLC now owns 704,500 shares of the transportation company’s stock valued at $34,436,000 after purchasing an additional 21,300 shares during the period. Sagil Capital LLP purchased a new position in Grupo Aeroportuario del Centro Nort in the second quarter valued at $7,025,000. Marshall Wace LLP boosted its holdings in Grupo Aeroportuario del Centro Nort by 603.3% in the first quarter. Marshall Wace LLP now owns 71,628 shares of the transportation company’s stock valued at $3,229,000 after purchasing an additional 61,444 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Grupo Aeroportuario del Centro Nort by 8,045.4% in the second quarter. Bank of America Corp DE now owns 56,122 shares of the transportation company’s stock valued at $2,743,000 after purchasing an additional 55,433 shares during the period. Institutional investors and hedge funds own 10.61% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

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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