Grupo Financiero Santander Mexico (BSMX) Releases Quarterly Earnings Results, Beats Expectations By $1.55 EPS
Grupo Financiero Santander Mexico (NASDAQ:BSMX) released its earnings data on Monday. The company reported $2.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $1.55, Analyst Ratings Net reports. The company had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $14.15 billion. The company’s quarterly revenue was up 7.5% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Grupo Financiero Santander Mexico from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 9th. On a related note, analysts at Zacks downgraded shares of Grupo Financiero Santander Mexico from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, September 11th. They now have a $13.40 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Grupo Financiero Santander Mexico presently has a consensus rating of “Hold” and a consensus price target of $14.48.
Grupo Financiero Santander Mexico (NASDAQ:BSMX) traded up 1.57% on Monday, hitting $13.62. 679,466 shares of the company’s stock traded hands. Grupo Financiero Santander Mexico has a 1-year low of $12.43 and a 1-year high of $17.95. The stock has a 50-day moving average of $14.65 and a 200-day moving average of $15.0. The company has a market cap of $18.486 billion and a P/E ratio of 14.58.
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