Gruma (GMK) Posts Quarterly Earnings, Beats Estimates By $0.19 EPS
Gruma (NYSE:GMK) released its earnings data on Wednesday. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.19, American Banking & Market News reports.
A number of research firms have recently commented on GMK. Analysts at Goldman Sachs initiated coverage on shares of Gruma in a research note on Wednesday, July 2nd. They set a “neutral” rating on the stock. Analysts at Deutsche Bank downgraded shares of Gruma from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. They now have a $42.00 price target on the stock, up previously from $39.25.
Shares of Gruma (NYSE:GMK) opened at 44.54 on Wednesday. Gruma has a 52 week low of $20.22 and a 52 week high of $48.60. The stock has a 50-day moving average of $46.23 and a 200-day moving average of $38.56. The company has a market cap of $4.819 billion and a P/E ratio of 14.48.
GRUMA, SAB. de C.V. (NYSE:GMK) is a holding company and conducts its operations through its subsidiaries.
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