DNB Bank ASA (DNBBY) Expected to Announce Quarterly Earnings on Thursday

DNB Bank ASA (OTCMKTS:DNBBY) is projected to issue its resultson Thursday, April 23rd. Analysts expect the company to announce earnings of $0.6680 per share and revenue of $2.2863 billion for the quarter.

DNB Bank ASA (OTCMKTS:DNBBY) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. DNB Bank ASA had a return on equity of 14.72% and a net margin of 21.00%.The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, analysts expect DNB Bank ASA to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DNB Bank ASA Trading Down 0.2%

OTCMKTS DNBBY opened at $33.14 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16. DNB Bank ASA has a twelve month low of $23.67 and a twelve month high of $33.81. The company has a market cap of $48.97 billion, a price-to-earnings ratio of 12.09 and a beta of 0.68. The business’s fifty day moving average is $31.04 and its 200 day moving average is $28.50.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DNBBY. Nordea Equity Research raised DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. Barclays raised DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Pareto Securities downgraded DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Citigroup reaffirmed a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, February 10th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.