Danske Bank (OTCMKTS:DNKEY) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Danske Bank (OTCMKTS:DNKEYGet Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06, Zacks reports. Danske Bank had a net margin of 40.52% and a return on equity of 13.43%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.31 billion.

Danske Bank Trading Up 3.4%

Shares of DNKEY stock opened at $27.09 on Friday. The firm has a market capitalization of $45.24 billion, a PE ratio of 12.84 and a beta of 0.62. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.76 and a quick ratio of 1.76. The business’s fifty day moving average price is $24.84 and its 200 day moving average price is $22.56. Danske Bank has a 1-year low of $13.99 and a 1-year high of $27.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Danske Bank in a research report on Monday, November 3rd. Citigroup reissued a “buy” rating on shares of Danske Bank in a report on Thursday, January 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on DNKEY

About Danske Bank

(Get Free Report)

Danske Bank A/S is a major Danish banking group headquartered in Copenhagen. The firm traces its origins to the 19th century and has grown through mergers and organic expansion into one of the region’s largest financial institutions. Its shares are primarily listed on Nasdaq Copenhagen, and American investors may encounter the bank’s ADR trading on the U.S. over-the-counter market under the symbol DNKEY.

The bank provides a broad range of financial products and services across retail, commercial and institutional segments.

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Earnings History for Danske Bank (OTCMKTS:DNKEY)

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