Danske Bank (DNKEY) Projected to Post Quarterly Earnings on Friday

Key Points

• Danske Bank is expected to report quarterly results before the market opens Friday, October 30. Analysts project earnings of $0.55 per share on revenue of $2.19 billion.
• The stock was trading down 2.3% at an opening price of $25.75, compared with a 12-month range of $21.12 to $29.65. Danske Bank has a market capitalization of approximately $42.01 billion and a P/E ratio of 11.66.
• Analyst sentiment is mixed, with three Buy ratings and four Holds, producing an overall “Hold” consensus. Barclays recently downgraded the stock from Strong Buy to Hold, while Citigroup and Deutsche Bank maintained Buy ratings.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) will likely be announcing its results before the market opens on Friday, October 30th. Analysts expect Danske Bank to announce earnings of $0.55 per share and revenue of $2.19 billion for the quarter.

Danske Bank Trading Down 2.3%

Danske Bank stock opened at $25.75 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09. Danske Bank has a 12 month low of $21.12 and a 12 month high of $29.65. The stock's 50 day simple moving average is $28.25 and its two-hundred day simple moving average is $27.25. The firm has a market cap of $42.01 billion, a PE ratio of 11.66 and a beta of 0.63.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays lowered Danske Bank from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 9th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Danske Bank in a research report on Monday, July 20th. Citigroup reissued a "buy" rating on shares of Danske Bank in a report on Monday, October 12th. Morgan Stanley restated an "overweight" rating on shares of Danske Bank in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Danske Bank in a research note on Wednesday, September 16th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on 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.