Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Releases Earnings Results, Misses Estimates By $0.08 EPS

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) announced its earnings results on Thursday. The transportation company reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.08), reports. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. The business had revenue of $268.96 million during the quarter, compared to analyst estimates of $255.11 million.

Here are the key takeaways from Grupo Aeroportuario del Centro Norte’s conference call:

• Third-quarter operating performance strengthened: passenger traffic rose 1.3% year over year to 7.7 million, while adjusted EBITDA increased 8.7% to MXN 2.9 billion and the margin reached 75%.
• Non-aeronautical growth remained robust, with commercial revenue up 11% and diversification revenue up 20.4%; OMA Carga revenue increased 42% on new Monterrey clients, high-value cargo handling, and longer warehouse stays.
• OMA plans to raise the maximum tariff by slightly more than 4% nominally beginning January 1, targeting average compliance of 93% this year, 95% next year, and 100% by the third year of the current five-year plan.
• The company is expanding higher-margin commercial offerings, including a Premium Lounge in Acapulco and a 120-room Hyatt Place hotel at Monterrey Airport, while the airport’s larger commercial area is expected to lift Monterrey commercial revenue per passenger by about 15% in real terms once fully operational.
• Management expects traffic growth to remain in the low single digits in 2027, with recovery beginning around midyear, while higher debt levels increased financing expense 16.5% and limited net-income growth to 2.9%.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock traded up $3.01 during trading on Thursday, reaching $101.26. 52,396 shares of the company were exchanged, compared to its average volume of 96,585. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. The stock’s 50 day moving average price is $97.73 and its 200 day moving average price is $107.86. Grupo Aeroportuario del Centro Norte has a 52-week low of $87.31 and a 52-week high of $134.99. The company has a market cap of $4.31 billion, a P/E ratio of 16.20, a PEG ratio of 1.94 and a beta of 0.61.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Monday. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.