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Danske Bank A/S (OTCMKTS:DNKEY) Announces Quarterly Earnings Results

Danske Bank A/S logo with Finance background

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) issued its earnings results on Friday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01), Zacks reports. Danske Bank A/S had a return on equity of 13.35% and a net margin of 41.90%. The firm had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $13.86 billion.

Danske Bank A/S Trading Up 7.0 %

Shares of OTCMKTS:DNKEY traded up $1.22 during trading on Friday, reaching $18.60. 36,937 shares of the company traded hands, compared to its average volume of 48,276. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 7.47. Danske Bank A/S has a 52-week low of $13.50 and a 52-week high of $18.66. The firm has a market capitalization of $31.58 billion, a price-to-earnings ratio of 9.30 and a beta of 0.77. The business's fifty day moving average is $16.78 and its 200-day moving average is $15.55.

Danske Bank A/S Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th were paid a $0.7642 dividend. This is a boost from Danske Bank A/S's previous dividend of $0.46. The ex-dividend date of this dividend was Monday, March 24th. Danske Bank A/S's payout ratio is 74.75%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank A/S in a research report on Friday, March 7th.

Check Out Our Latest Report on Danske Bank A/S

About Danske Bank A/S

(Get Free Report)

Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers insurance and pension products, mortgage finance and real-estate brokerage services, asset management and trading services in fixed income products, foreign exchange services, and equities.

See Also

Earnings History for Danske Bank A/S (OTCMKTS:DNKEY)

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