Danske Bank (DNKEY) Expected to Announce Quarterly Earnings on Friday

Danske Bank (OTCMKTS:DNKEY) is expected to announce its resultson Friday, May 1st. Analysts expect the company to announce earnings of $0.5710 per share and revenue of $2.2671 billion for the quarter.

Danske Bank (OTCMKTS:DNKEY) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.31 billion. Danske Bank had a return on equity of 13.25% and a net margin of 40.52%. On average, analysts expect Danske Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Danske Bank Price Performance

Shares of DNKEY stock opened at $25.12 on Friday. The company has a debt-to-equity ratio of 7.44, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $41.95 billion, a price-to-earnings ratio of 11.91 and a beta of 0.61. The stock’s fifty day simple moving average is $25.45 and its 200 day simple moving average is $24.34. Danske Bank has a one year low of $16.59 and a one year high of $27.61.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays reissued an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Citigroup reiterated a “buy” rating on shares of Danske Bank in a report on Friday, February 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Danske Bank presently has a consensus rating of “Moderate Buy”.

About Danske Bank

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.