Nordea Bank (NRDBY) Projected to Release Earnings on Thursday

Nordea Bank (OTCMKTS:NRDBY) is expected to issue its resultson Thursday, July 16th. Analysts expect the company to post earnings of $0.4018 per share and revenue of $3.4187 billion for the quarter.

Nordea Bank (OTCMKTS:NRDBY) last released its earnings results on Wednesday, April 22nd. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. On average, analysts expect Nordea Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nordea Bank Stock Down 1.3%

Nordea Bank stock opened at $19.21 on Thursday. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.23 and a current ratio of 1.23. Nordea Bank has a 52-week low of $13.91 and a 52-week high of $20.61. The firm has a 50 day moving average price of $18.78 and a two-hundred day moving average price of $18.86. The firm has a market cap of $65.37 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.95 and a beta of 0.63.

Analyst Upgrades and Downgrades

NRDBY has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research note on Tuesday, May 12th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Nordea Bank currently has an average rating of “Hold”.

Nordea Bank Company Profile

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.