DNB Bank ASA (DNBBY) to Release Earnings on Thursday

DNB Bank ASA (OTCMKTS:DNBBY) will likely be posting its resultson Thursday, April 23rd. Analysts expect DNB Bank ASA to post earnings of $0.6680 per share and revenue of $2.2863 billion for the quarter.

DNB Bank ASA (OTCMKTS:DNBBY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. DNB Bank ASA had a net margin of 21.00% and a return on equity of 14.72%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. On average, analysts expect DNB Bank ASA to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

DNB Bank ASA Price Performance

OTCMKTS DNBBY opened at $33.06 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 1.44 and a debt-to-equity ratio of 3.16. DNB Bank ASA has a 12-month low of $24.17 and a 12-month high of $33.81. The company has a market capitalization of $51.25 billion, a PE ratio of 12.07 and a beta of 0.68. The firm’s 50 day moving average is $31.20 and its 200-day moving average is $28.63.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DNBBY. Citigroup reiterated a “neutral” rating on shares of DNB Bank ASA in a report on Tuesday, February 10th. Morgan Stanley reiterated an “underweight” rating on shares of DNB Bank ASA in a report on Thursday. Barclays upgraded shares of DNB Bank ASA from a “hold” rating to an “overweight” rating in a report on Wednesday, April 8th. Pareto Securities downgraded shares of DNB Bank ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Nordea Equity Research upgraded shares of DNB Bank ASA to a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About DNB Bank ASA

DNB Bank ASA (OTCMKTS: DNBBY) is Norway’s largest financial services group, offering a broad range of banking, insurance and capital markets services to retail, corporate and institutional clients. The bank’s core activities encompass retail and commercial banking, corporate and investment banking, asset management, life insurance and pension products, as well as payment and card services. DNB provides traditional deposit and lending products, mortgages, savings and wealth management solutions, securities trading, corporate finance and treasury services.

The group operates through several specialized business lines, including DNB Markets for investment banking and capital markets activities and DNB Asset Management for portfolio management and investment funds.