Danske Bank A/S (OTCMKTS:DNKEY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Danske Bank A/S (OTCMKTS:DNKEY - Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $13.86 billion.

Danske Bank A/S Stock Down 1.1 %

Shares of DNKEY traded down $0.20 during mid-day trading on Wednesday, reaching $18.29. The company had a trading volume of 16,967 shares, compared to its average volume of 47,588. Danske Bank A/S has a 52 week low of $13.50 and a 52 week high of $18.66. The company has a market capitalization of $31.05 billion, a price-to-earnings ratio of 9.15 and a beta of 0.77. The firm has a 50-day moving average price of $16.83 and a 200 day moving average price of $15.59. The company has a debt-to-equity ratio of 7.47, a quick ratio of 1.79 and a current ratio of 1.79.

Danske Bank A/S Increases Dividend

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

Wall Street Analyst Weigh In

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

About Danske Bank A/S

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.