Danske Bank (DNKEY) to Post Quarterly Earnings on Friday

Danske Bank (OTCMKTS:DNKEY) is expected to announce its resultson Friday, July 17th. Analysts expect the company to announce earnings of $0.5540 per share and revenue of $2.2383 billion for the quarter.

Danske Bank (OTCMKTS:DNKEY) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 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 Price Performance

Shares of DNKEY opened at $28.23 on Friday. The business’s fifty day moving average is $26.24 and its 200 day moving average is $25.73. Danske Bank has a 12-month low of $19.68 and a 12-month high of $28.38. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The stock has a market cap of $46.06 billion, a P/E ratio of 13.01 and a beta of 0.61.

Wall Street Analyst Weigh In

DNKEY has been the topic of several research reports. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Barclays reissued an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Danske Bank has an average 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.