Analysts Expect Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) Will Post Earnings of $0.19 Per Share

Equities research analysts predict that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) will announce $0.19 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.20. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México reported earnings per share of $0.17 in the same quarter last year, which would indicate a positive year over year growth rate of 11.8%. The company is expected to issue its next quarterly earnings results on Wednesday, October 27th.

On average, analysts expect that Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México will report full year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.65 to $0.73. For the next financial year, analysts forecast that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.74 to $0.80. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (NYSE:BSMX) last announced its earnings results on Wednesday, July 28th. The bank reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $1.07 billion for the quarter. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México had a return on equity of 11.91% and a net margin of 14.50%.

Several equities research analysts recently commented on BSMX shares. Scotiabank upgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “hold” rating to a “sell” rating in a report on Monday, August 30th. Finally, HSBC upgraded Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México from a “hold” rating to a “buy” rating and set a $8.10 price objective on the stock in a report on Thursday, June 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a consensus rating of “Hold” and an average price target of $7.03.

Hedge funds have recently bought and sold shares of the business. Itau Unibanco Holding S.A. bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 2nd quarter valued at approximately $615,000. Newfoundland Capital Management increased its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 624.5% in the 2nd quarter. Newfoundland Capital Management now owns 1,044,253 shares of the bank’s stock valued at $6,558,000 after acquiring an additional 900,110 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 97.8% in the 2nd quarter. Bank of America Corp DE now owns 23,881 shares of the bank’s stock valued at $149,000 after acquiring an additional 11,808 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México in the 2nd quarter valued at approximately $29,000. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México by 562.6% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 97,400 shares of the bank’s stock valued at $611,000 after acquiring an additional 82,700 shares during the last quarter. Institutional investors own 10.51% of the company’s stock.

Shares of NYSE:BSMX remained flat at $$5.79 during mid-day trading on Friday. The company had a trading volume of 80,852 shares, compared to its average volume of 390,601. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 1.07 and a beta of 1.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 0.93. Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México has a 1-year low of $3.02 and a 1-year high of $6.67. The stock’s 50-day moving average price is $5.81 and its 200 day moving average price is $5.77.

Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México Company Profile

Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander Mexico engages in the provision of banking and financial solutions. It operates through the following segments: Retail Banking, Global Corporate and Investment Banking, and Corporate Activities. The Retail Banking segment provides a range of services to individuals, private banking, small and medium enterprises, middle-market corporations, and government institutions.

Featured Story: What are the advantages of the Stochastic Momentum Index?

Get a free copy of the Zacks research report on Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (BSMX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Banco Santander México S.A. Institución de Banca Múltiple Grupo Financiero Santander México Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Santander México S.A. Institución de Banca Múltiple Grupo Financiero Santander México and related companies with MarketBeat.com's FREE daily email newsletter.