Oct
31
Wall Street brokerages predict that Grupo Financiero Galicia (NASDAQ:GGAL) will post earnings per share of $0.73 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Grupo Financiero Galicia’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.75. Grupo Financiero Galicia reported earnings of $0.87 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.1%. The business is expected to announce its next quarterly earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that Grupo Financiero Galicia will report full year earnings of $3.03 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $3.11. For the next financial year, analysts expect that the business will report earnings of $2.57 per share, with EPS estimates ranging from $2.40 to $2.74. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Grupo Financiero Galicia.
Grupo Financiero Galicia (NASDAQ:GGAL) traded up 0.64% on Monday, hitting $26.75. The stock had a trading volume of 845,659 shares. Grupo Financiero Galicia has a 52-week low of $13.81 and a 52-week high of $27.98. The company has a 50 day moving average price of $20.19 and a 200-day moving average price of $20.43. The company has a market cap of $3.48 billion and a price-to-earnings ratio of 8.91.
Several research analysts recently weighed in on the company. Piper Jaffray upgraded Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, July 20th. Zacks lowered Grupo Financiero Galicia from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Raymond James raised Grupo Financiero Galicia from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Monday, July 20th.
Grupo Financiero Galicia S.A. (NASDAQ:GGAL) is a financial services holding company. Banco de Galicia y Buenos Aires S.A. (Banco Galicia) is the Company’s largest subsidiary. Banco Galicia is a bank that provides, directly or through its subsidiaries, a variety of fiscal products and services to big corporations, small and medium sized businesses (SMEs), and individuals. Through the operating subsidiaries of Tarjetas Regionales S.A., a holding company entirely owned by the Bank, the Firm supplies brand credit cards and consumer finance services throughout Argentina. Through Sudamericana Holding S.A. and its subsidiary companies (Sudamericana) it supplies insurance products in Argentina. It offers financial services via a distribution platform amongst private sector financial institutions.
To get a free copy of Zacks’ research report on Grupo Financiero Galicia (GGAL), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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