Danske Bank (OTCMKTS:DNKEY – Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06, Zacks reports. Danske Bank had a net margin of 40.42% and a return on equity of 13.01%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.31 billion.
Danske Bank Stock Performance
OTCMKTS:DNKEY traded up $0.79 during trading hours on Friday, reaching $27.00. 30,655 shares of the company’s stock were exchanged, compared to its average volume of 50,855. Danske Bank has a 1-year low of $13.99 and a 1-year high of $27.03. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 7.16. The firm has a market capitalization of $45.09 billion, a price-to-earnings ratio of 13.37 and a beta of 0.62. The company has a 50-day moving average of $24.76 and a 200 day moving average of $22.51.
Analysts Set New Price Targets
Several research analysts have recently issued reports on DNKEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Friday, January 9th. Barclays restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Danske Bank in a research note on Monday, November 3rd. Finally, Citigroup restated a “buy” rating on shares of Danske Bank in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company 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.
Featured Articles
- Five stocks we like better than Danske Bank
- NEW LAW: Congress Approves Setup For Digital Dollar?
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- What a Former CIA Agent Knows About the Coming Collapse
- Wall Street’s New Sports Prediction Trade
- Trade this between 9:30 and 10:45 am EST
Receive News & Ratings for Danske Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danske Bank and related companies with MarketBeat.com's FREE daily email newsletter.
