GRUPO AVAL ACCI/S (NYSE:AVAL) Expected to Post Earnings of $0.19 Per Share

Equities research analysts predict that GRUPO AVAL ACCI/S (NYSE:AVAL) will announce $0.19 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for GRUPO AVAL ACCI/S’s earnings. GRUPO AVAL ACCI/S posted earnings of $0.21 per share in the same quarter last year, which indicates a negative year over year growth rate of 9.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 21st.

On average, analysts expect that GRUPO AVAL ACCI/S will report full year earnings of $0.80 per share for the current financial year. For the next financial year, analysts expect that the business will post earnings of $0.89 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover GRUPO AVAL ACCI/S.

GRUPO AVAL ACCI/S (NYSE:AVAL) last issued its earnings results on Thursday, August 22nd. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. GRUPO AVAL ACCI/S had a net margin of 12.36% and a return on equity of 12.99%. The company had revenue of $1.37 billion for the quarter.

AVAL has been the topic of several recent analyst reports. ValuEngine lowered shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Zacks Investment Research lowered shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Finally, Citigroup upgraded shares of GRUPO AVAL ACCI/S from a “neutral” rating to a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. GRUPO AVAL ACCI/S currently has an average rating of “Hold” and an average price target of $8.38.

AVAL traded up $0.05 on Friday, hitting $7.50. 39,971 shares of the company were exchanged, compared to its average volume of 82,310. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.06. The business’s fifty day moving average is $7.49 and its 200 day moving average is $7.61. GRUPO AVAL ACCI/S has a fifty-two week low of $5.59 and a fifty-two week high of $8.51. The firm has a market capitalization of $8.30 billion, a P/E ratio of 9.38 and a beta of 0.96.

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

A number of institutional investors and hedge funds have recently modified their holdings of AVAL. Invesco Ltd. acquired a new position in GRUPO AVAL ACCI/S during the second quarter worth about $247,436,000. Acadian Asset Management LLC grew its position in shares of GRUPO AVAL ACCI/S by 77.6% in the second quarter. Acadian Asset Management LLC now owns 988,501 shares of the bank’s stock valued at $7,878,000 after purchasing an additional 432,053 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of GRUPO AVAL ACCI/S by 34.6% in the second quarter. Renaissance Technologies LLC now owns 1,584,773 shares of the bank’s stock valued at $12,631,000 after purchasing an additional 407,746 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of GRUPO AVAL ACCI/S by 72.3% in the second quarter. Bank of New York Mellon Corp now owns 548,421 shares of the bank’s stock valued at $4,371,000 after purchasing an additional 230,070 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of GRUPO AVAL ACCI/S by 887.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,386 shares of the bank’s stock valued at $832,000 after purchasing an additional 93,811 shares during the last quarter. Institutional investors own 5.71% of the company’s stock.

GRUPO AVAL ACCI/S Company Profile

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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