Zacks: Analysts Anticipate GRUPO AVAL ACCI/S (NYSE:AVAL) Will Post Earnings of $0.21 Per Share

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Brokerages forecast that GRUPO AVAL ACCI/S (NYSE:AVAL) will announce earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for GRUPO AVAL ACCI/S’s earnings. GRUPO AVAL ACCI/S reported earnings per share of $0.23 in the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, April 23rd.

According to Zacks, analysts expect that GRUPO AVAL ACCI/S will report full year earnings of $0.85 per share for the current financial year. For the next year, analysts forecast that the firm will post earnings of $0.87 per share. Zacks’ EPS averages are an average based on a survey of research analysts that cover GRUPO AVAL ACCI/S.

A number of analysts recently issued reports on AVAL shares. Citigroup upgraded GRUPO AVAL ACCI/S from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 16th. ValuEngine cut shares of GRUPO AVAL ACCI/S from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. Finally, Zacks Investment Research raised shares of GRUPO AVAL ACCI/S from a “sell” rating to a “hold” rating in a research note on Monday, December 2nd.

A number of hedge funds and other institutional investors have recently made changes to their positions in AVAL. Parallel Advisors LLC boosted its position in shares of GRUPO AVAL ACCI/S by 64.0% during the third quarter. Parallel Advisors LLC now owns 11,176 shares of the bank’s stock valued at $83,000 after buying an additional 4,361 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of GRUPO AVAL ACCI/S during the second quarter valued at approximately $87,000. Bank of Montreal Can raised its holdings in shares of GRUPO AVAL ACCI/S by 122.4% in the second quarter. Bank of Montreal Can now owns 11,031 shares of the bank’s stock worth $88,000 after buying an additional 6,072 shares during the period. Ballentine Partners LLC raised its holdings in shares of GRUPO AVAL ACCI/S by 23.6% in the second quarter. Ballentine Partners LLC now owns 13,183 shares of the bank’s stock worth $105,000 after buying an additional 2,521 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of GRUPO AVAL ACCI/S in the second quarter worth approximately $120,000. 5.65% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AVAL traded up $0.01 during trading hours on Thursday, hitting $8.25. 589,400 shares of the company traded hands, compared to its average volume of 128,387. The company’s 50 day moving average price is $8.09 and its 200 day moving average price is $7.66. GRUPO AVAL ACCI/S has a 12 month low of $5.59 and a 12 month high of $8.64. The stock has a market capitalization of $9.19 billion, a price-to-earnings ratio of 10.31 and a beta of 0.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66.

The company also recently disclosed a — dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 28th will be given a $0.0295 dividend. This represents a yield of 4.4%. The ex-dividend date is Thursday, February 27th. GRUPO AVAL ACCI/S’s dividend payout ratio (DPR) is currently 42.50%.

About GRUPO AVAL ACCI/S

Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.

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