DNB Bank ASA (DNBBY) Expected to Release Earnings on Tuesday

DNB Bank ASA (OTCMKTS:DNBBY) is projected to announce its resultson Tuesday, July 14th. Analysts expect DNB Bank ASA to announce earnings of $0.6720 per share and revenue of $2.2855 billion for the quarter.

DNB Bank ASA (OTCMKTS:DNBBY) last issued its earnings results on Thursday, April 23rd. The company reported $0.67 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.67. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. DNB Bank ASA had a return on equity of 14.23% and a net margin of 21.06%. On average, analysts expect DNB Bank ASA to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

DNB Bank ASA Price Performance

DNBBY opened at $30.57 on Tuesday. The company’s 50-day simple moving average is $30.32 and its two-hundred day simple moving average is $30.12. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $47.39 billion, a P/E ratio of 11.04 and a beta of 0.64. DNB Bank ASA has a 52-week low of $24.77 and a 52-week high of $33.81.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DNBBY. Barclays raised shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Citigroup restated a “neutral” rating on shares of DNB Bank ASA in a report on Wednesday, April 29th. Morgan Stanley reaffirmed an “underweight” rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Zacks Research lowered shares of DNB Bank ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

DNB Bank ASA Company Profile

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.