Analysts Expect Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) to Announce $0.82 EPS

Wall Street brokerages predict that Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) will post earnings of $0.82 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 of $0.78 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The business is scheduled to report its next earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Grupo Aeroportuario del Centro Nort will report full year earnings of $3.41 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.57. For the next financial year, analysts anticipate that the company will post earnings of $3.75 per share, with EPS estimates ranging from $3.37 to $4.13. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Grupo Aeroportuario del Centro Nort.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last posted its quarterly earnings results on Wednesday, July 24th. The transportation company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $113.38 million during the quarter.

A number of equities analysts have recently commented on the company. ValuEngine lowered 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 “buy” rating and set a $55.00 price target for the company in a report on Friday, July 5th. BidaskClub lowered Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, UBS Group lowered Grupo Aeroportuario del Centro Nort from a “buy” rating to a “neutral” rating in a report on Thursday, June 27th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $54.00.

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC raised its position in shares of 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 worth $3,446,000 after buying an additional 22,886 shares in the last quarter. SPX Equities Gestao de Recursos Ltda purchased a new stake in Grupo Aeroportuario del Centro Nort during the first quarter valued at about $1,055,000. Campbell & CO Investment Adviser LLC raised its position in Grupo Aeroportuario del Centro Nort by 168.2% during the second quarter. Campbell & CO Investment Adviser LLC now owns 17,216 shares of the transportation company’s stock valued at $842,000 after purchasing an additional 10,797 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in Grupo Aeroportuario del Centro Nort during the first quarter valued at about $37,000. Finally, Northern Trust Corp raised its position in Grupo Aeroportuario del Centro Nort by 71.6% during the fourth quarter. Northern Trust Corp now owns 37,136 shares of the transportation company’s stock valued at $1,412,000 after purchasing an additional 15,498 shares in the last quarter. Institutional investors own 13.49% of the company’s stock.

Shares of Grupo Aeroportuario del Centro Nort stock traded down $1.50 during trading hours on Friday, reaching $47.11. The company had a trading volume of 59,909 shares, compared to its average volume of 61,629. Grupo Aeroportuario del Centro Nort has a one year low of $33.39 and a one year high of $58.10. The business has a fifty day moving average price of $50.53. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.97 and a current ratio of 2.97. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 4.87 and a beta of 0.80.

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.

Recommended Story: Are FAANG stocks a good investment?

Get a free copy of the Zacks research report on Grupo Aeroportuario del Centro Nort (OMAB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Grupo Aeroportuario del Centro Nort Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Nort and related companies with MarketBeat.com's FREE daily email newsletter.