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

Danske Bank (OTCMKTS:DNKEY) posted its earnings results on Thursday. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.31 billion.

Danske Bank Price Performance

OTCMKTS DNKEY traded up $0.80 during mid-day trading on Friday, hitting $27.01. The stock had a trading volume of 26,492 shares, compared to its average volume of 50,725. The firm’s 50 day moving average is $24.76 and its 200 day moving average is $22.51. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market capitalization of $45.11 billion, a price-to-earnings ratio of 13.37 and a beta of 0.62. Danske Bank has a twelve month low of $13.99 and a twelve month high of $27.03.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DNKEY shares. Citigroup reiterated a “buy” rating on shares of Danske Bank in a research report on Thursday, January 22nd. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Wednesday, December 10th. Morgan Stanley reissued an “overweight” rating on shares of Danske Bank in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Danske Bank

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.