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%.
TRADEMARK VIOLATION WARNING: “Zacks: Analysts Expect HDFC Bank Limited (HDB) Will Post Earnings of $0.73 Per Share” was reported by BBNS and is the property of of BBNS. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://baseballnewssource.com/markets/zacks-analysts-expect-hdfc-bank-limited-hdb-will-post-earnings-of-0-73-per-share/1044048.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HDFC Bank Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank Limited and related companies with our FREE daily email newsletter.