Danske Bank (OTCMKTS:DNKEY – Get Free Report) posted its quarterly earnings data on Friday. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03, Zacks reports. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion.
Danske Bank Price Performance
Shares of OTCMKTS DNKEY opened at $28.15 on Friday. The firm has a market capitalization of $45.93 billion, a P/E ratio of 12.46 and a beta of 0.61. The firm’s 50-day moving average price is $26.53 and its 200-day moving average price is $25.87. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. Danske Bank has a 1-year low of $19.72 and a 1-year high of $28.85.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Citigroup restated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.
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