Zacks: Brokerages Expect Galicia Financial Group (GGAL) to Post $0.98 Earnings Per Share

Wall Street brokerages forecast that Galicia Financial Group (NASDAQ:GGAL) will report earnings of $0.98 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Galicia Financial Group’s earnings. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Galicia Financial Group will report full-year earnings of $4.20 per share for the current year, with EPS estimates ranging from $4.04 to $4.35. For the next year, analysts expect that the business will post earnings of $4.82 per share, with EPS estimates ranging from $4.58 to $5.06. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Galicia Financial Group.

GGAL has been the topic of a number of research analyst reports. ValuEngine lowered shares of Galicia Financial Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 2nd. BidaskClub lowered shares of Galicia Financial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 26th. Zacks Investment Research raised shares of Galicia Financial Group from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Finally, UBS Group raised shares of Galicia Financial Group from a “hold” rating to a “buy” rating in a report on Monday, March 12th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $87.00.

A number of large investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in Galicia Financial Group by 55.4% during the 1st quarter. Royal Bank of Canada now owns 1,342,041 shares of the bank’s stock worth $88,253,000 after acquiring an additional 478,284 shares during the last quarter. Verition Fund Management LLC bought a new stake in Galicia Financial Group during the 1st quarter worth about $216,000. Amundi Pioneer Asset Management Inc. grew its holdings in Galicia Financial Group by 3.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 80,838 shares of the bank’s stock worth $5,316,000 after acquiring an additional 2,696 shares during the last quarter. UBS Group AG grew its holdings in Galicia Financial Group by 50.1% during the 1st quarter. UBS Group AG now owns 9,742 shares of the bank’s stock worth $641,000 after acquiring an additional 3,253 shares during the last quarter. Finally, GQG Partners LLC grew its holdings in Galicia Financial Group by 13.5% during the 1st quarter. GQG Partners LLC now owns 1,111,122 shares of the bank’s stock worth $73,067,000 after acquiring an additional 131,771 shares during the last quarter. 31.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Galicia Financial Group traded down $0.18, reaching $47.24, during mid-day trading on Friday, Marketbeat.com reports. 522,482 shares of the stock were exchanged, compared to its average volume of 888,238. Galicia Financial Group has a fifty-two week low of $36.09 and a fifty-two week high of $73.45.

About Galicia Financial Group

Grupo Financiero Galicia SA is a holding company, which engages in banking, insurance, and the issuance of certificates of deposit through its subsidiaries. Its other activities include intercompany e-commerce, custody services, securities-related representations, mandates, and commissions. The company was founded on September 14, 1999 and is headquartered in Buenos Aires, Argentina.

Get a free copy of the Zacks research report on Galicia Financial Group (GGAL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Galicia Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galicia Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply