Wall Street analysts expect Grupo Financiero Galicia S.A. (NASDAQ:GGAL) to post earnings of $0.94 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Grupo Financiero Galicia’s earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.93. Grupo Financiero Galicia reported earnings of $0.88 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The business is expected to issue its next quarterly earnings results on Tuesday, February 20th.
On average, analysts expect that Grupo Financiero Galicia will report full-year earnings of $3.47 per share for the current year, with EPS estimates ranging from $3.41 to $3.52. For the next fiscal year, analysts anticipate that the business will report earnings of $4.20 per share, with EPS estimates ranging from $4.04 to $4.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Grupo Financiero Galicia.
Grupo Financiero Galicia (NASDAQ:GGAL) last announced its quarterly earnings data on Wednesday, November 29th. The bank reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.08. The company had revenue of $654.76 million during the quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in GGAL. TIAA CREF Investment Management LLC acquired a new stake in Grupo Financiero Galicia in the 2nd quarter valued at about $3,059,000. Advisor Group Inc. lifted its stake in Grupo Financiero Galicia by 126.5% in the 2nd quarter. Advisor Group Inc. now owns 2,997 shares of the bank’s stock valued at $128,000 after purchasing an additional 1,674 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at about $107,000. DSAM Partners London Ltd acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at about $3,608,000. Finally, Meridian Wealth Management LLC acquired a new stake in Grupo Financiero Galicia in the 3rd quarter valued at about $748,000. Institutional investors own 34.28% of the company’s stock.
Grupo Financiero Galicia (NASDAQ:GGAL) opened at $67.02 on Tuesday. Grupo Financiero Galicia has a 1-year low of $31.13 and a 1-year high of $73.45.
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Grupo Financiero Galicia Company Profile
Grupo Financiero Galicia SA (Grupo Financiero Galicia) is a financial services holding company. The Company’s segments include Banking, Regional Credit Cards, CFA, Insurance and Other Grupo Galicia Businesses. Banco de Galicia y Buenos Aires SA (Banco Galicia) is a subsidiary of the Company. Its banking business segment represents Banco Galicia consolidated line by line with Banco Galicia Uruguay SA (Galicia Uruguay).
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