Grupo Financiero Galicia S.A. (GGAL) Expected to Post Earnings of $0.76 Per Share

Brokerages predict that Grupo Financiero Galicia S.A. (NASDAQ:GGAL) will announce $0.76 earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Grupo Financiero Galicia’s earnings, with estimates ranging from $0.70 to $0.81. Grupo Financiero Galicia reported earnings of $1.07 per share during the same quarter last year, which would indicate a negative year over year growth rate of 29%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Grupo Financiero Galicia will report full year earnings of $3.36 per share for the current fiscal year, with EPS estimates ranging from $3.21 to $3.51. For the next year, analysts expect that the firm will post earnings of $3.40 per share, with EPS estimates ranging from $2.27 to $4.34. Zacks’ EPS calculations are an average based on a survey of analysts that cover Grupo Financiero Galicia.

A number of equities research analysts have weighed in on GGAL shares. Zacks Investment Research upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. BidaskClub upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. ValuEngine upgraded Grupo Financiero Galicia from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Bank of America downgraded Grupo Financiero Galicia from a “neutral” rating to an “underperform” rating in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

GGAL traded up $0.66 during trading on Friday, reaching $25.52. The stock had a trading volume of 1,058,406 shares, compared to its average volume of 1,164,136. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.19. Grupo Financiero Galicia has a 1-year low of $18.30 and a 1-year high of $68.70.

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Grupo Financiero Galicia by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 43,422 shares of the bank’s stock valued at $1,197,000 after acquiring an additional 430 shares during the last quarter. FMR LLC lifted its holdings in shares of Grupo Financiero Galicia by 71.9% in the fourth quarter. FMR LLC now owns 908,063 shares of the bank’s stock valued at $25,035,000 after purchasing an additional 379,946 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Grupo Financiero Galicia by 86.0% in the fourth quarter. Millennium Management LLC now owns 239,793 shares of the bank’s stock valued at $6,611,000 after purchasing an additional 110,884 shares in the last quarter. Canyon Capital Advisors LLC purchased a new stake in shares of Grupo Financiero Galicia in the fourth quarter valued at $1,696,000. Finally, Legal & General Group Plc lifted its holdings in shares of Grupo Financiero Galicia by 214.3% in the fourth quarter. Legal & General Group Plc now owns 76,715 shares of the bank’s stock valued at $2,115,000 after purchasing an additional 52,309 shares in the last quarter. Institutional investors own 25.02% of the company’s stock.

Grupo Financiero Galicia Company Profile

Grupo Financiero Galicia SA, a financial services holding company, provides various financial products and services in Argentina. The company operates through Banking, Regional Credit Cards, Insurance, and Other Grupo Galicia Businesses segments. It offers corporate banking services to companies; credit and debit cards, loans, and financing advice to various agricultural-sector clients; foreign trade transaction services; and e-banking services.

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