Danske Bank (DNKEY) Expected to Announce Earnings on Friday

Danske Bank (OTCMKTS:DNKEY) is projected to issue its results before the market opens on Friday, February 6th. Analysts expect the company to announce earnings of $0.54 per share for the quarter.

Danske Bank (OTCMKTS:DNKEY) last released its earnings results on Friday, October 31st. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.15 billion. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. 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

DNKEY stock opened at $25.71 on Friday. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76. Danske Bank has a 1 year low of $13.99 and a 1 year high of $26.40. The company’s 50-day moving average is $24.42 and its 200-day moving average is $22.30. The stock has a market capitalization of $42.94 billion, a PE ratio of 12.73 and a beta of 0.61.

Analysts Set New Price Targets

DNKEY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Thursday, January 22nd. Barclays reissued an “overweight” rating on shares of Danske Bank in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.