Danske Bank (OTCMKTS:DNKEY – Get Free Report) posted its quarterly earnings data on Friday. The financial services provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03, Zacks reports. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.24 billion.
Danske Bank Price Performance
Shares of Danske Bank stock opened at $28.15 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The company’s fifty day simple moving average is $26.53 and its two-hundred day simple moving average is $25.87. The firm has a market cap of $45.93 billion, a PE ratio of 12.46 and a beta of 0.61. Danske Bank has a 12-month low of $19.72 and a 12-month high of $28.85.
Analyst Ratings Changes
Several research firms recently weighed in on DNKEY. Barclays reiterated an “overweight” rating on shares of Danske Bank in a research note on Thursday, April 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research report on Wednesday, June 24th. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Danske Bank 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.
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