Wall Street analysts expect HDFC Bank Limited (NYSE:HDB) to report $0.73 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for HDFC Bank Limited’s earnings. HDFC Bank Limited reported earnings of $0.59 per share in the same quarter last year, which indicates a positive year over year growth rate of 23.7%. The business is scheduled to report its next quarterly earnings report on Monday, June 19th.
On average, analysts expect that HDFC Bank Limited will report full-year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.67. For the next financial year, analysts expect that the business will post earnings of $3.16 per share, with EPS estimates ranging from $3.10 to $3.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for HDFC Bank Limited.
HDB has been the topic of a number of research reports. Zacks Investment Research upgraded shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday, March 14th. Morgan Stanley downgraded shares of HDFC Bank Limited from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 21st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new position in HDFC Bank Limited during the first quarter valued at $230,000. Boston Common Asset Management LLC increased its position in HDFC Bank Limited by 3.6% in the first quarter. Boston Common Asset Management LLC now owns 64,905 shares of the bank’s stock valued at $4,882,000 after buying an additional 2,235 shares during the last quarter. Kimelman & Baird LLC acquired a new position in HDFC Bank Limited during the first quarter valued at $226,000. Driehaus Capital Management LLC increased its position in HDFC Bank Limited by 5.8% in the first quarter. Driehaus Capital Management LLC now owns 1,081,885 shares of the bank’s stock valued at $81,379,000 after buying an additional 59,632 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in HDFC Bank Limited during the first quarter valued at $561,000. Hedge funds and other institutional investors own 18.78% of the company’s stock.
Shares of HDFC Bank Limited (HDB) traded up 0.53% during midday trading on Friday, hitting $89.08. 692,984 shares of the company were exchanged. HDFC Bank Limited has a one year low of $59.00 and a one year high of $89.84. The firm’s 50 day moving average price is $85.43 and its 200 day moving average price is $73.49. The firm has a market capitalization of $454.24 billion, a price-to-earnings ratio of 194.07 and a beta of 0.93.
The firm also recently disclosed an annual dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 29th will be issued a dividend of $0.493 per share. The ex-dividend date of this dividend is Tuesday, June 27th. HDFC Bank Limited’s payout ratio is 18.10%.
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HDFC Bank Limited Company Profile
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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