Profile
Sector:
IndustrialsIndustry:
Airports & Air ServicesCountry:
MexicoIPO:
29 November 2006Website:
http://www.oma.aeroNext earnings report:
29 July 2024Last dividends:
21 May 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 20:00:09 GMTAnalysts recommendations
Institutional Ownership
OMAB Latest News
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ: OMAB) Q1 2024 Earnings Conference Call on April 25, 2024 at 1:00 PM ET. Company representatives include Emmanuel Camacho (Investor Relations), Ricardo Duenas (CEO), and Ruffo Perez Pliego (CFO). Participants on the call include Guilherme Mendes (JPMorgan), Alan Macias (Bank of America), Rodolfo Ramos (Bradesco BBI), Fernanda Recchia (BTG Pactual), Pablo Ricalde (Santander), Jay Singh (Citi), Gabriel Himelfarb (Scotiabank). The operator welcomes everyone to the conference call for Grupo Aeroportuario del Centro Norte OMA's First Quarter 2024 Earnings.
Nearshoring trend in Mexico presents opportunities for increased manufacturing and economic activity, benefiting Grupo Aeroportuario del Centro Norte. Risks include stalling economic growth affecting manufacturing output and capacity cuts for airlines due to downtime of GTF-powered airplanes. Despite challenges, OMAB stock remains a compelling investment opportunity with a projected price target of $111.70.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) Q4 2023 Earnings Call Transcript
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB ) Q3 2023 Earnings Conference Call October 30, 2023 12:00 PM ET Company Participants Emmanuel Camacho - Investor Relations Ricardo Duenas - Chief Executive Officer Ruffo Perez Pliego - Chief Financial Officer Conference Call Participants Pablo Monsivais - Barclays Guilherme Mendes - JPMorgan Rodolfo Ramos - Bradesco BBI Alberto Valerio - UBS Bruno Amorim - Goldman Sachs Juan Macedo - GBM Jay Singh - Citi Edson Murguia - SummaCapital Gabriel Himelfarb - Scotiabank Fernanda Recchia - BTG Pactual Alan Macias - Bank of America Operator Greetings and welcome to the OMA Third Quarter Conference Call.
Mexican airport regulator's potential change to tariff formula caused shares to plummet. The current share price incorporates an 18% tariff cut, which seems harsh. Two other scenarios suggest a potential upside from current levels, but the situation remains speculative.
Momentum stocks have been surprisingly strong performers over the years. It can seem counterintuitive at first.
Centro Norte Airport shares are now trading well above pre-pandemic levels. I believe this is easily justified given that traffic, earnings, and EBITDA are also well above 2019 levels. A flood of new investment announcements near OMAB airports suggest a healthy trajectory for passenger and earnings growth in coming years.
Centro Norte: Dividend Stock To Rise On Mexico's Air Travel Growth
What type of business is Grupo Aeroportuario del Centro Norte SAB de CV?
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.
What sector is Grupo Aeroportuario del Centro Norte SAB de CV in?
Grupo Aeroportuario del Centro Norte SAB de CV is in the Industrials sector
What industry is Grupo Aeroportuario del Centro Norte SAB de CV in?
Grupo Aeroportuario del Centro Norte SAB de CV is in the Airports & Air Services industry
What country is Grupo Aeroportuario del Centro Norte SAB de CV from?
Grupo Aeroportuario del Centro Norte SAB de CV is headquartered in Mexico
When did Grupo Aeroportuario del Centro Norte SAB de CV go public?
Grupo Aeroportuario del Centro Norte SAB de CV initial public offering (IPO) was on 29 November 2006
What is Grupo Aeroportuario del Centro Norte SAB de CV website?
https://www.oma.aero
Is Grupo Aeroportuario del Centro Norte SAB de CV in the S&P 500?
No, Grupo Aeroportuario del Centro Norte SAB de CV is not included in the S&P 500 index
Is Grupo Aeroportuario del Centro Norte SAB de CV in the NASDAQ 100?
No, Grupo Aeroportuario del Centro Norte SAB de CV is not included in the NASDAQ 100 index
Is Grupo Aeroportuario del Centro Norte SAB de CV in the Dow Jones?
No, Grupo Aeroportuario del Centro Norte SAB de CV is not included in the Dow Jones index
When does Grupo Aeroportuario del Centro Norte SAB de CV report earnings?
The next expected earnings date for Grupo Aeroportuario del Centro Norte SAB de CV is 29 July 2024