Danske Bank (OTCMKTS:DNKEY – Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06, Zacks reports. Danske Bank had a return on equity of 14.40% and a net margin of 41.60%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion.
Danske Bank Price Performance
Danske Bank stock opened at $25.85 on Friday. The firm has a market cap of $42.18 billion, a PE ratio of 11.35 and a beta of 0.63. Danske Bank has a 52-week low of $21.91 and a 52-week high of $29.65. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 8.09. The company’s 50 day moving average is $27.91 and its two-hundred day moving average is $26.74.
Wall Street Analyst Weigh In
DNKEY has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of Danske Bank in a report on Monday, October 12th. The Goldman Sachs Group restated a “neutral” rating on shares of Danske Bank in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. Barclays downgraded Danske Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, Zacks Research lowered Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.
View Our Latest Analysis on Danske Bank
About Danske Bank
Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.
The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.
Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.
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