$0.18 EPS Expected for Banco Santander Mexico Sa Instcn De (BSMX) This Quarter

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Brokerages expect that Banco Santander Mexico Sa Instcn De (NYSE:BSMX) will announce earnings per share (EPS) of $0.18 for the current quarter, according to Zacks. Zero analysts have made estimates for Banco Santander Mexico Sa Instcn De’s earnings. Banco Santander Mexico Sa Instcn De reported earnings of $0.19 per share in the same quarter last year, which indicates a negative year over year growth rate of 5.3%. The firm is scheduled to report its next quarterly earnings report on Friday, April 26th.

According to Zacks, analysts expect that Banco Santander Mexico Sa Instcn De will report full year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.72 to $0.80. For the next fiscal year, analysts expect that the company will post earnings of $0.82 per share, with EPS estimates ranging from $0.79 to $0.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Banco Santander Mexico Sa Instcn De.

Banco Santander Mexico Sa Instcn De (NYSE:BSMX) last announced its quarterly earnings results on Thursday, January 31st. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Banco Santander Mexico Sa Instcn De had a return on equity of 15.63% and a net margin of 14.95%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Banco Santander Mexico Sa Instcn De from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Citigroup downgraded Banco Santander Mexico Sa Instcn De from a “buy” rating to a “neutral” rating in a report on Friday, November 30th. Morgan Stanley downgraded Banco Santander Mexico Sa Instcn De from an “overweight” rating to an “underweight” rating in a report on Friday, March 8th. ValuEngine upgraded Banco Santander Mexico Sa Instcn De from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, Credit Suisse Group downgraded Banco Santander Mexico Sa Instcn De from an “outperform” rating to a “neutral” rating in a report on Monday, December 10th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.20.

Hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in shares of Banco Santander Mexico Sa Instcn De during the 4th quarter worth about $38,000. Advisors Asset Management Inc. boosted its position in shares of Banco Santander Mexico Sa Instcn De by 56.1% during the 4th quarter. Advisors Asset Management Inc. now owns 6,559 shares of the bank’s stock worth $40,000 after purchasing an additional 2,358 shares in the last quarter. Wetherby Asset Management Inc. bought a new position in shares of Banco Santander Mexico Sa Instcn De during the 4th quarter worth about $63,000. One Wealth Advisors LLC boosted its position in shares of Banco Santander Mexico Sa Instcn De by 393.4% during the 4th quarter. One Wealth Advisors LLC now owns 15,430 shares of the bank’s stock worth $95,000 after purchasing an additional 12,303 shares in the last quarter. Finally, LPL Financial LLC bought a new position in Banco Santander Mexico Sa Instcn De in the 4th quarter valued at about $100,000. 22.00% of the stock is currently owned by institutional investors.

Shares of NYSE:BSMX traded up $0.01 during trading on Friday, hitting $6.68. 894,688 shares of the company were exchanged, compared to its average volume of 1,328,443. The company has a market capitalization of $4.39 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.00. Banco Santander Mexico Sa Instcn De has a 1-year low of $5.68 and a 1-year high of $8.81.

About Banco Santander Mexico Sa Instcn De

Banco Santander (México), SA, Institución de Banca Múltiple, Grupo Financiero Santander México provides various banking products and services in Mexico. The company operates through Retail Banking and Global Corporate Banking segments. It offers various deposit products, such as current accounts, savings accounts, and time deposits, as well as certificates of interbank deposits; and payroll loans, personal loans, credit cards, mortgages, and insurance brokerage services.

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