Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Announces Quarterly Earnings Results

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) announced its earnings results on Tuesday. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13, Zacks reports. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.49 billion. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%.

Akbank Turk Anonim Sirketi Price Performance

Shares of AKBTY opened at $2.83 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Akbank Turk Anonim Sirketi has a twelve month low of $2.51 and a twelve month high of $4.24. The stock has a market capitalization of $7.36 billion, a P/E ratio of 4.88 and a beta of 0.60. The company has a 50 day moving average of $3.00 and a 200-day moving average of $3.34.

About Akbank Turk Anonim Sirketi

Akbank Turk Anonim Sirketi is a leading Turkish banking institution headquartered in Istanbul, offering a comprehensive range of financial products and services to corporate, commercial and retail clientele. Established in 1948, the bank has built a reputation for stability and innovation in Turkey’s banking sector, serving as a key intermediary for both domestic and international customers.

The bank’s principal business activities encompass corporate and commercial lending, small and medium-sized enterprise (SME) financing, consumer and retail banking, private banking, and wealth management services.