DNB Bank ASA (DNBBY) Set to Announce Quarterly Earnings on Wednesday

Key Points

• DNB Bank ASA is expected to report quarterly results before the market opens on Wednesday, October 21. Analysts forecast earnings of $0.664 per share and revenue of $2.22 billion.
• In the previous quarter, DNB reported $0.69 in EPS and $2.31 billion in revenue, exceeding analyst expectations of $0.66 EPS and $2.28 billion in revenue.
• Analyst sentiment is cautious, with one Buy, four Hold, and three Sell ratings producing a consensus “Reduce” rating. Shares recently opened at $32.44, within their 52-week range of $25.26 to $34.78.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) is expected to be releasing its results before the market opens on Wednesday, October 21st. Analysts expect DNB Bank ASA to announce earnings of $0.6640 per share and revenue of $2.22 billion for the quarter.

DNB Bank ASA (OTCMKTS:DNBBY - Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.28 billion. DNB Bank ASA had a net margin of 21.34% and a return on equity of 13.97%. On average, analysts expect DNB Bank ASA to post $2.84 EPS for the current fiscal year and $2.95 EPS for the next fiscal year.

DNB Bank ASA Price Performance

Shares of OTCMKTS:DNBBY opened at $32.44 on Wednesday. The company's fifty day moving average price is $33.27 and its 200-day moving average price is $31.68. The firm has a market capitalization of $50.29 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 9.11 and a beta of 0.70. DNB Bank ASA has a one year low of $25.26 and a one year high of $34.78. The company has a debt-to-equity ratio of 3.51, a current ratio of 1.70 and a quick ratio of 1.70.

Analyst Ratings Changes

Several brokerages recently issued reports on DNBBY. Morgan Stanley reiterated an "underweight" rating on shares of DNB Bank ASA in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of DNB Bank ASA in a research note on Wednesday, September 16th. The Goldman Sachs Group downgraded DNB Bank ASA from a "hold" rating to a "sell" rating in a research report on Monday, July 20th. Barclays lowered DNB Bank ASA from an "overweight" rating to a "strong sell" rating in a research note on Friday. Finally, Citigroup reaffirmed a "neutral" rating on shares of DNB Bank ASA in a research note on Friday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

DNB Bank ASA Company Profile

DNB Bank ASA is a Norway-based financial services group and the country's largest bank. The company provides banking and financial products to individual customers, small and medium-sized businesses, large corporations, and public-sector organizations.

Its activities include personal and business banking, lending, deposits, payment services, savings and investment products, asset management, insurance, and pension services. DNB also offers corporate finance, investment banking, securities, and other capital-markets services.

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