Danske Bank (OTCMKTS:DNKEY) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Danske Bank (OTCMKTS:DNKEY) announced its quarterly earnings data on Thursday. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06, Zacks reports. The firm had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.31 billion. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%.

Danske Bank Stock Performance

OTCMKTS:DNKEY traded up $0.80 during trading hours on Friday, reaching $27.01. The company had a trading volume of 26,492 shares, compared to its average volume of 50,725. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76. Danske Bank has a 1-year low of $13.99 and a 1-year high of $27.03. The business’s 50 day moving average price is $24.76 and its 200-day moving average price is $22.51. The firm has a market cap of $45.11 billion, a PE ratio of 13.37 and a beta of 0.62.

Wall Street Analyst Weigh In

Several research firms have weighed in on DNKEY. Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a research note on Friday, January 9th. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a report on Monday, November 3rd. Finally, Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently 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.