Banco Macro SA (BMA) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS
Banco Macro SA (NYSE:BMA) issued its quarterly earnings data on Friday. The company reported $1.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.62 by $0.08, Analyst Ratings News reports.
Shares of Banco Macro SA (NYSE:BMA) opened at 37.54 on Friday. Banco Macro SA has a one year low of $16.42 and a one year high of $51.96. The stock has a 50-day moving average of $40.04 and a 200-day moving average of $30.41. The company has a market cap of $2.194 billion and a P/E ratio of 5.60.
A number of analysts have recently weighed in on BMA shares. Analysts at Standpoint Research downgraded shares of Banco Macro SA from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Banco Macro SA in a research note on Wednesday, June 11th. They now have a $38.00 price target on the stock, up previously from $28.00.
Banco Macro SA (NYSE:BMA) is an Argentina-based bank.
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