Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Posts Earnings Results

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) issued its quarterly earnings results on Tuesday. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.05, Zacks reports. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%.

Grupo Aeroportuario del Centro Norte Trading Up 1.3%

Shares of NASDAQ:OMAB opened at $104.80 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.34 and a beta of 0.60. Grupo Aeroportuario del Centro Norte has a 1-year low of $95.69 and a 1-year high of $134.99. The company has a 50 day moving average price of $105.85 and a 200 day moving average price of $111.79.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th were issued a dividend of $2.9165 per share. This represents a yield of 571.0%. The ex-dividend date was Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is presently 85.12%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. Finally, Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 17.0% in the 2nd quarter. Bank of America Corp DE now owns 18,227 shares of the transportation company’s stock worth $1,923,000 after acquiring an additional 2,654 shares during the last quarter. Vident Advisory LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 11.2% during the second quarter. Vident Advisory LLC now owns 12,195 shares of the transportation company’s stock worth $1,287,000 after purchasing an additional 1,231 shares during the period. UBS Group AG lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 25.8% during the third quarter. UBS Group AG now owns 11,382 shares of the transportation company’s stock valued at $1,182,000 after purchasing an additional 2,332 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 10.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,037 shares of the transportation company’s stock valued at $548,000 after purchasing an additional 495 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 52.8% in the 4th quarter. Guggenheim Capital LLC now owns 4,965 shares of the transportation company’s stock valued at $540,000 after purchasing an additional 1,715 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.