GRUPO AVAL ACCI/S (NYSE:AVAL) Expected to Announce Earnings of $0.21 Per Share

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Brokerages expect GRUPO AVAL ACCI/S (NYSE:AVAL) to announce earnings of $0.21 per share for the current quarter, according to Zacks. Zero analysts have provided estimates for GRUPO AVAL ACCI/S’s earnings. GRUPO AVAL ACCI/S reported earnings of $0.24 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The business is expected to report its next quarterly earnings results on Thursday, August 15th.

According to Zacks, analysts expect that GRUPO AVAL ACCI/S will report full year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.83 to $0.88. For the next fiscal year, analysts expect that the business will post earnings of $0.96 per share, with EPS estimates ranging from $0.93 to $0.99. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow GRUPO AVAL ACCI/S.

AVAL has been the topic of a number of research reports. ValuEngine cut shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Zacks Investment Research raised shares of GRUPO AVAL ACCI/S from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 31st.

Shares of NYSE:AVAL traded up $0.08 during mid-day trading on Tuesday, reaching $7.22. The company had a trading volume of 46,200 shares, compared to its average volume of 67,063. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.69. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 9.03 and a beta of 0.96. The company’s 50-day moving average price is $7.78 and its 200-day moving average price is $7.61. GRUPO AVAL ACCI/S has a one year low of $5.59 and a one year high of $8.51.

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in shares of GRUPO AVAL ACCI/S by 40.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,940 shares of the bank’s stock worth $46,000 after purchasing an additional 1,706 shares during the period. Lindbrook Capital LLC increased its holdings in shares of GRUPO AVAL ACCI/S by 33.4% in the second quarter. Lindbrook Capital LLC now owns 7,562 shares of the bank’s stock worth $60,000 after purchasing an additional 1,893 shares during the period. Parallel Advisors LLC bought a new position in shares of GRUPO AVAL ACCI/S in the first quarter worth $80,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of GRUPO AVAL ACCI/S in the first quarter worth $82,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of GRUPO AVAL ACCI/S in the second quarter worth $87,000. 17.93% of the stock is currently owned by institutional investors and hedge funds.

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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