Danske Bank (OTCMKTS:DNKEY) Announces Earnings Results

Key Points

• Danske Bank reported quarterly EPS of $0.61, beating the consensus estimate of $0.55 by $0.06. The bank posted a 40.85% net margin and 13.80% return on equity.
• Shares rose $0.10 to $26.54, with the stock trading below its 50-day moving average but near its 200-day average. Danske Bank has a $43.30 billion market capitalization and a price-to-earnings ratio of 11.74.
• Analyst sentiment is mixed: three analysts rate the stock a Buy and four rate it a Hold, resulting in an overall average rating of “Hold.”

Danske Bank (OTCMKTS:DNKEY - Get Free Report) issued its earnings results on Thursday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.06, Zacks reports. Danske Bank had a net margin of 40.85% and a return on equity of 13.80%.

Danske Bank Stock Performance

OTCMKTS DNKEY traded up $0.10 on Thursday, hitting $26.54. 27,292 shares of the company traded hands, compared to its average volume of 55,124. The business's 50 day moving average price is $28.01 and its 200-day moving average price is $26.73. Danske Bank has a 52-week low of $21.73 and a 52-week high of $29.65. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. The company has a market capitalization of $43.30 billion, a price-to-earnings ratio of 11.74 and a beta of 0.63.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DNKEY shares. The Goldman Sachs Group reissued a "neutral" rating on shares of Danske Bank in a research report on Monday, July 20th. Citigroup reiterated a "buy" rating on shares of Danske Bank in a research note on Monday, October 12th. Zacks Research cut Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Danske Bank in a report on Wednesday, September 16th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Danske Bank in a research note on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold".

About Danske Bank

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company's services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.