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

Danske Bank (OTCMKTS:DNKEY) posted its earnings results on Thursday. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06, Zacks reports. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%.

Danske Bank Price Performance

DNKEY stock traded down $0.68 during midday trading on Friday, reaching $25.76. The stock had a trading volume of 5,796 shares, compared to its average volume of 55,256. The company’s fifty day simple moving average is $27.97 and its 200 day simple moving average is $26.74. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. The company has a market cap of $42.03 billion, a price-to-earnings ratio of 11.40 and a beta of 0.63. Danske Bank has a 52-week low of $21.73 and a 52-week high of $29.65.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Danske Bank in a report on Monday, July 20th. Zacks Research cut shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research note on Wednesday, September 16th. Finally, Barclays cut Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Danske Bank Company Profile

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.