Commerzbank (CRZBY) Projected to Post Earnings on Wednesday

Commerzbank (OTCMKTS:CRZBY) is expected to announce its results before the market opens on Wednesday, August 5th. Analysts expect the company to announce earnings of $0.95 per share and revenue of $3.7229 billion for the quarter.

Commerzbank (OTCMKTS:CRZBY) last posted its earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a return on equity of 7.69% and a net margin of 11.55%.The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. On average, analysts expect Commerzbank to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Commerzbank Price Performance

Commerzbank stock traded down $0.56 during midday trading on Wednesday, reaching $42.19. 10,624 shares of the stock traded hands, compared to its average volume of 46,887. The stock has a market cap of $46.26 billion, a P/E ratio of 16.68 and a beta of 0.53. The stock’s fifty day moving average is $42.78 and its 200-day moving average is $40.87. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. Commerzbank has a 12 month low of $33.63 and a 12 month high of $44.88.

Institutional Trading of Commerzbank

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers increased its stake in Commerzbank AG (OTCMKTS:CRZBY) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,140 shares of the financial services provider’s stock after buying an additional 650 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $117,000 as of its most recent SEC filing.

Analyst Ratings Changes

Several analysts have recently issued reports on CRZBY shares. DZ Bank raised Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Citigroup reissued a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. Commerzbank upgraded shares of Commerzbank from an “overweight” rating to a “buy” rating in a research report on Tuesday, May 12th. Zacks Research downgraded shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Commerzbank

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.