Danske Bank (DNKEY) to Release Quarterly Earnings on Friday

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

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

Shares of DNKEY stock opened at $25.71 on Friday. The company’s fifty day moving average price is $24.42 and its 200-day moving average price is $22.30. The stock has a market cap of $42.94 billion, a PE ratio of 12.73 and a beta of 0.61. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 7.16. Danske Bank has a 12 month low of $13.99 and a 12 month high of $26.40.

Analysts Set New Price Targets

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

Danske Bank Company Profile

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.