Grupo Supervielle (NYSE:SUPV) Releases Quarterly Earnings Results

Grupo Supervielle (NYSE:SUPV) posted its earnings results on Monday. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07, Zacks reports. Grupo Supervielle had a net margin of 5.80% and a return on equity of 15.92%.

Grupo Supervielle Stock Performance

Shares of SUPV stock traded down $1.23 during mid-day trading on Monday, reaching $12.63. The stock had a trading volume of 1,341,369 shares, compared to its average volume of 1,275,128. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. Grupo Supervielle has a 1-year low of $4.36 and a 1-year high of $19.75. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 17.53 and a beta of 2.02. The business’s fifty day moving average is $15.79 and its 200-day moving average is $11.85.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SUPV. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, December 12th. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research report on Monday, December 16th.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.