Banco Macro SA (BMA) Announces Quarterly Earnings Results, Beats Expectations By $0.35 EPS

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Banco Macro SA (NYSE:BMA) issued its quarterly earnings data on Friday. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.35, ARN reports.

On the ratings front, analysts at Zacks upgraded shares of Banco Macro SA from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 27th. They now have a $27.60 price target on the stock.

Shares of Banco Macro SA (NYSE:BMA) opened at 31.36 on Monday. Banco Macro SA has a 52-week low of $13.63 and a 52-week high of $32.85. The stock has a 50-day moving average of $30.15 and a 200-day moving average of $25.8. The company has a market cap of $1.833 billion and a price-to-earnings ratio of 5.91. Banco Macro SA also saw a large drop in short interest in April. As of April 30th, there was short interest totalling 178,811 shares, a drop of 65.4% from the April 15th total of 517,222 shares. Based on an average trading volume of 144,538 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are short sold.

Banco Macro SA (NYSE:BMA) is an Argentina-based bank.

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