Banco Macro SA (BMA) Posts Quarterly Earnings, Beats Estimates By $0.85 EPS
Banco Macro SA (NYSE:BMA) posted its quarterly earnings results on Thursday. The company reported $2.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.68 by $0.85, Analyst Ratings Net reports.
Shares of Banco Macro SA (NYSE:BMA) opened at 30.09 on Thursday. Banco Macro SA has a 52 week low of $13.63 and a 52 week high of $32.85. The stock has a 50-day moving average of $30.85 and a 200-day moving average of $25.95. The company has a market cap of $1.759 billion and a price-to-earnings ratio of 4.46. Banco Macro SA also was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totalling 178,811 shares, a drop of 65.4% from the April 15th total of 517,222 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 144,538 shares, the days-to-cover ratio is currently 1.2 days.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Banco Macro SA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $35.00 price target on the stock.
Banco Macro SA (NYSE:BMA) is an Argentina-based bank.
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