DANSKE BANK (OTCMKTS:DNKEY - Get Free Report) issued its earnings results on Friday. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02, Zacks reports. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $14.01 billion. DANSKE BANK had a return on equity of 13.54% and a net margin of 41.49%.
DANSKE BANK Price Performance
OTCMKTS DNKEY traded up $0.18 during trading hours on Tuesday, reaching $20.15. The company's stock had a trading volume of 38,946 shares, compared to its average volume of 19,909. The firm has a market capitalization of $33.65 billion, a price-to-earnings ratio of 9.93 and a beta of 0.77. DANSKE BANK has a 1-year low of $13.50 and a 1-year high of $21.04. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.79 and a quick ratio of 1.79. The company's 50-day moving average is $19.84 and its two-hundred day moving average is $17.54.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. Barclays upgraded DANSKE BANK from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of DANSKE BANK in a report on Tuesday, May 13th. Finally, Citigroup reiterated a "buy" rating on shares of DANSKE BANK in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, DANSKE BANK presently has an average rating of "Buy".
Check Out Our Latest Report on DNKEY
About DANSKE BANK
(
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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.
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