Nordea Bank (NRDBY) to Release Quarterly Earnings on Wednesday

Nordea Bank (OTCMKTS:NRDBY) is expected to issue its resultson Wednesday, April 15th. Analysts expect the company to announce earnings of $0.3778 per share and revenue of $3.3657 billion for the quarter.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Nordea Bank had a net margin of 22.36% and a return on equity of 15.61%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.42 billion. On average, analysts expect Nordea Bank to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nordea Bank Price Performance

NRDBY stock opened at $17.65 on Wednesday. The company’s 50-day moving average price is $18.76 and its two-hundred day moving average price is $18.14. Nordea Bank has a 12 month low of $11.07 and a 12 month high of $20.61. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.33. The firm has a market cap of $60.22 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.90 and a beta of 0.63.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Thursday, January 15th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research note on Wednesday, December 10th. Finally, Zacks Research raised shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nordea Bank has a consensus rating of “Hold”.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.