Banco Macro (BMA) to Release Earnings on Wednesday

Banco Macro (NYSE:BMA) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Banco Macro to post earnings of $2.40 per share and revenue of $830.64 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Banco Macro (NYSE:BMA) last posted its earnings results on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. On average, analysts expect Banco Macro to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Banco Macro Stock Up 0.2 %

NYSE BMA opened at $92.31 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The company has a market capitalization of $5.90 billion, a P/E ratio of 8.09 and a beta of 1.67. Banco Macro has a one year low of $31.20 and a one year high of $118.42. The stock has a 50 day moving average price of $101.05 and a 200-day moving average price of $80.60.

Analysts Set New Price Targets

Separately, Morgan Stanley upgraded Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price for the company in a research report on Monday, December 16th.

Banco Macro Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.