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

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) is expected to release its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $0.1273 per share and revenue of $1.4949 billion for the quarter.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.45 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.

Akbank Turk Anonim Sirketi Stock Performance

Shares of AKBTY stock opened at $2.79 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $7.27 billion, a P/E ratio of 4.82 and a beta of 0.60. Akbank Turk Anonim Sirketi has a 12 month low of $2.51 and a 12 month high of $4.24. The firm has a fifty day moving average price of $3.01 and a 200 day moving average price of $3.35.

Akbank Turk Anonim Sirketi Company Profile

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.