Erste Group Bank Issues Pessimistic Estimate for DB Earnings

Key Points

• Erste Group Bank slightly lowered its FY2027 earnings-per-share estimate for Deutsche Bank to $4.42 from $4.43, which is still above the broader consensus estimate of $4.05.
• Deutsche Bank’s latest quarter came in ahead of expectations, posting EPS of $1.24 versus the expected $1.15, on revenue of $10.04 billion compared with $9.85 billion forecast.
• Analyst sentiment remains mixed, with multiple rating changes leaving the stock at a consensus “Hold”; shares were also down slightly and opened at $32.05.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) - Analysts at Erste Group Bank cut their FY2027 EPS estimates for Deutsche Bank Aktiengesellschaft in a note issued to investors on Tuesday, May 5th. Erste Group Bank analyst S. Lingnau now anticipates that the bank will post earnings per share of $4.42 for the year, down from their previous forecast of $4.43. The consensus estimate for Deutsche Bank Aktiengesellschaft's current full-year earnings is $4.05 per share.

A number of other brokerages have also commented on DB. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a "sell" rating to a "hold" rating in a research report on Thursday, April 9th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Barclays cut shares of Deutsche Bank Aktiengesellschaft from an "overweight" rating to an "equal weight" rating in a report on Monday, April 20th. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an "outperform" rating in a research note on Friday. Finally, Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Down 0.1%

NYSE:DB opened at $32.05 on Monday. The business's fifty day moving average price is $31.42 and its 200 day moving average price is $35.11. The firm has a market capitalization of $62.17 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.41 and a beta of 0.94. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 1-year low of $27.08 and a 1-year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The company had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently made changes to their positions in DB. Root Financial Partners LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $27,000. Triumph Capital Management bought a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC raised its position in Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank's stock valued at $38,000 after acquiring an additional 413 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank's stock valued at $40,000 after acquiring an additional 881 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank's stock valued at $42,000 after acquiring an additional 593 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank's core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.

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