HDFC Bank (HDB) Projected to Post Quarterly Earnings on Friday

HDFC Bank (NYSE:HDB) is projected to issue its quarterly earnings data before the market opens on Friday, April 18th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $434.68 billion for the quarter.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, analysts expect HDFC Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

HDFC Bank Stock Down 1.3 %

HDB stock opened at $64.80 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank has a 12 month low of $54.99 and a 12 month high of $68.50. The firm has a market capitalization of $164.08 billion, a PE ratio of 19.69, a P/E/G ratio of 2.12 and a beta of 0.68. The company’s 50 day simple moving average is $62.25 and its 200-day simple moving average is $62.77.

Analysts Set New Price Targets

Several analysts have commented on the company. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.