Wall Street brokerages forecast that Banco Macro SA (NYSE:BMA) will report $2.69 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Banco Macro’s earnings, with the highest EPS estimate coming in at $3.08 and the lowest estimate coming in at $2.30. Banco Macro posted earnings of $1.88 per share in the same quarter last year, which would suggest a positive year over year growth rate of 43.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that Banco Macro will report full year earnings of $10.06 per share for the current financial year, with EPS estimates ranging from $8.47 to $11.64. For the next financial year, analysts forecast that the firm will report earnings of $10.59 per share, with EPS estimates ranging from $8.58 to $13.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Banco Macro.

BMA has been the topic of several research analyst reports. UBS Group cut shares of Banco Macro from an “outperform” rating to a “market perform” rating in a research report on Friday, November 24th. Santander raised shares of Banco Macro from an “underperform” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine cut shares of Banco Macro from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Goldman Sachs Group cut shares of Banco Macro from a “buy” rating to a “neutral” rating and set a $113.70 target price on the stock. in a research report on Monday, September 11th. Finally, Zacks Investment Research cut shares of Banco Macro from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Banco Macro presently has an average rating of “Buy” and a consensus price target of $112.35.

Banco Macro (NYSE:BMA) traded up $0.86 on Friday, hitting $116.08. 412,402 shares of the company traded hands, compared to its average volume of 194,847. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.24 and a quick ratio of 1.24. Banco Macro has a twelve month low of $70.32 and a twelve month high of $136.10. The firm has a market capitalization of $7,644.56, a PE ratio of 14.84, a PEG ratio of 1.95 and a beta of 1.25.

A number of hedge funds have recently made changes to their positions in BMA. Royal Bank of Canada lifted its position in Banco Macro by 66.6% during the second quarter. Royal Bank of Canada now owns 1,401 shares of the bank’s stock valued at $129,000 after buying an additional 560 shares in the last quarter. Advisor Group Inc. lifted its position in Banco Macro by 3,796.7% during the second quarter. Advisor Group Inc. now owns 2,377 shares of the bank’s stock valued at $219,000 after buying an additional 2,316 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new position in Banco Macro during the third quarter valued at approximately $228,000. Tudor Investment Corp ET AL acquired a new position in Banco Macro during the second quarter valued at approximately $229,000. Finally, Citigroup Inc. lifted its position in Banco Macro by 30.8% during the second quarter. Citigroup Inc. now owns 3,091 shares of the bank’s stock valued at $285,000 after buying an additional 727 shares in the last quarter. 31.14% of the stock is currently owned by hedge funds and other institutional investors.

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Banco Macro Company Profile

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

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