Danske Bank (OTCMKTS:DNKEY) Issues Earnings Results

Danske Bank (OTCMKTS:DNKEY - Get Free Report) posted its earnings results on Friday. The financial services provider reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02, Zacks reports. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $14.01 billion. Danske Bank had a return on equity of 13.52% and a net margin of 42.15%.

Danske Bank Stock Performance

Shares of Danske Bank stock traded up $0.00 on Friday, reaching $19.86. 22,563 shares of the company were exchanged, compared to its average volume of 18,311. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.79 and a current ratio of 1.79. The company's 50-day moving average is $19.84 and its two-hundred day moving average is $17.52. The firm has a market cap of $33.17 billion, a price-to-earnings ratio of 9.78 and a beta of 0.77. Danske Bank has a 1-year low of $13.50 and a 1-year high of $21.04.

Analysts Set New Price Targets

A number of research analysts have issued reports on DNKEY shares. Citigroup reissued a "buy" rating on shares of Danske Bank in a report on Wednesday, May 21st. Barclays upgraded Danske Bank from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Danske Bank in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Danske Bank Company Profile

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.