Akbank Turk Anonim Sirketi (AKBTY) to Release Earnings on Tuesday

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) is expected to announce its resultson Tuesday, April 28th. Analysts expect the company to announce earnings of $0.1542 per share and revenue of $1.5341 billion for the quarter.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its quarterly earnings results on Monday, February 2nd. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. Akbank Turk Anonim Sirketi had a net margin of 7.56% and a return on equity of 21.46%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.52 billion.

Akbank Turk Anonim Sirketi Stock Down 2.3%

Shares of OTCMKTS:AKBTY opened at $3.43 on Friday. Akbank Turk Anonim Sirketi has a one year low of $2.47 and a one year high of $4.24. The company has a 50 day moving average of $3.53 and a 200-day moving average of $3.31. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 6.13 and a beta of 0.67.

About Akbank Turk Anonim Sirketi

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.