Wall Street brokerages expect Banco Macro SA ADR (NYSE:BMA) to report earnings of $1.84 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Banco Macro’s earnings, with the highest EPS estimate coming in at $1.88 and the lowest estimate coming in at $1.80. Banco Macro reported earnings of $2.40 per share in the same quarter last year, which indicates a negative year over year growth rate of 23.3%. The company is expected to announce its next quarterly earnings report on Monday, February 18th.

According to Zacks, analysts expect that Banco Macro will report full year earnings of $6.03 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $7.41 per share, with EPS estimates ranging from $6.99 to $7.82. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Banco Macro.

Banco Macro (NYSE:BMA) last posted its quarterly earnings data on Tuesday, November 27th. The bank reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.01. Banco Macro had a return on equity of 27.18% and a net margin of 24.63%. The company had revenue of $437.23 million during the quarter.

A number of analysts have commented on BMA shares. ValuEngine raised Banco Macro from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Zacks Investment Research raised Banco Macro from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Citigroup raised Banco Macro from a “neutral” rating to a “buy” rating in a report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.50.

BMA stock opened at $59.72 on Friday. Banco Macro has a twelve month low of $32.00 and a twelve month high of $114.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.16 and a quick ratio of 1.17. The company has a market cap of $3.82 billion, a P/E ratio of 6.90, a P/E/G ratio of 0.57 and a beta of 0.95.

Several institutional investors have recently bought and sold shares of BMA. Quantbot Technologies LP boosted its stake in shares of Banco Macro by 301.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,101 shares of the bank’s stock worth $128,000 after buying an additional 2,329 shares during the last quarter. Exane Derivatives boosted its stake in shares of Banco Macro by 202.6% in the 3rd quarter. Exane Derivatives now owns 3,126 shares of the bank’s stock worth $133,000 after buying an additional 2,093 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Banco Macro in the 4th quarter worth $138,000. Majedie Asset Management Ltd boosted its stake in shares of Banco Macro by 96.5% in the 3rd quarter. Majedie Asset Management Ltd now owns 6,698 shares of the bank’s stock worth $277,000 after buying an additional 3,290 shares during the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Banco Macro in the 3rd quarter worth $285,000. 24.20% of the stock is owned by institutional investors and hedge funds.

About Banco Macro

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.

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