Banco Macro Stock Forecast, Price & News (NYSE:BMA)

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Earnings results for Banco Macro Stock Forecast, Price & News (NYSE:BMA)

Macro Bank Inc. is estimated to report earnings on 09/02/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.12. The reported EPS for the same quarter last year was $2.59.

Banco Macro last announced its earnings data on June 10th, 2020. The bank reported $1.80 EPS for the quarter, missing the consensus estimate of $2.26 by $0.46. The firm earned $436.93 million during the quarter. Banco Macro has generated $10.87 earnings per share over the last year and currently has a price-to-earnings ratio of 1.7. Banco Macro has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, September 2nd, 2020 based off prior year’s report dates.

Analyst Opinion on Banco Macro Stock Forecast, Price & News (NYSE:BMA)

5 Wall Street analysts have issued ratings and price targets for Banco Macro in the last 12 months. There are currently 4 sell ratings and 1 hold rating for the stock, resulting in a consensus rating of “Sell.”

Dividend Strength: Banco Macro Stock Forecast, Price & News (NYSE:BMA)

Banco Macro does not currently pay a dividend. Banco Macro does not have a long track record of dividend growth.

Insiders buying/selling: Banco Macro Stock Forecast, Price & News (NYSE:BMA)

In the past three months, Banco Macro insiders have not sold or bought any company stock. Only 13.54% of the stock of Banco Macro is held by institutions.

Earnings and Valuation of Banco Macro Stock Forecast, Price & News (NYSE:BMA

The P/E ratio of Banco Macro is 1.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.32. The P/E ratio of Banco Macro is 1.66, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.44. Banco Macro has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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