Akbank Turk Anonim Sirketi (AKBTY) Set to Announce Quarterly Earnings on Tuesday

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) is expected to release its resultson Tuesday, October 27th. Analysts expect Akbank Turk Anonim Sirketi to post earnings of $0.1239 per share and revenue of $1.24 billion for the quarter.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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

Shares of AKBTY stock opened at $2.70 on Tuesday. The stock’s 50-day moving average price is $2.85 and its 200 day moving average price is $3.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $7.02 billion, a PE ratio of 4.25 and a beta of 0.59. Akbank Turk Anonim Sirketi has a 52-week low of $2.53 and a 52-week high of $4.24.

Akbank Turk Anonim Sirketi Company Profile

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.