Akbank Turk Anonim Sirketi (AKBTY) Expected to Post Earnings on Tuesday

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) will likely be releasing its resultson Tuesday, October 27th. Analysts expect the company to announce earnings of $0.1239 per share and revenue of $1.24 billion for the quarter.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its earnings results on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Akbank Turk Anonim Sirketi had a net margin of 8.19% and a return on equity of 21.57%.

Akbank Turk Anonim Sirketi Stock Performance

AKBTY opened at $2.70 on Tuesday. The stock’s 50 day simple moving average is $2.85 and its 200 day simple moving average is $3.00. The stock has a market cap of $7.02 billion, a P/E ratio of 4.25 and a beta of 0.59. Akbank Turk Anonim Sirketi has a 1-year low of $2.53 and a 1-year high of $4.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.07 and a quick ratio of 1.07.

About Akbank Turk Anonim Sirketi

Akbank Türk Anonim Şirketi is a Turkey-based banking and financial services company headquartered in Istanbul. The bank provides a broad range of services to individual customers, small and medium-sized enterprises, commercial businesses, and large corporate and institutional clients.

Its offerings include deposit accounts, consumer and mortgage lending, credit and debit cards, payment services, investment products, private banking, wealth management, foreign exchange, trade finance, and corporate lending.