Danske Bank (OTCMKTS:DNKEY – Get Free Report) posted its earnings results on Friday. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03, Zacks reports. Danske Bank had a net margin of 40.38% and a return on equity of 13.14%.
Danske Bank Price Performance
OTCMKTS:DNKEY opened at $28.42 on Friday. The firm has a market capitalization of $46.37 billion, a price-to-earnings ratio of 13.10 and a beta of 0.61. The company has a debt-to-equity ratio of 7.44, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a fifty day moving average of $26.49 and a 200 day moving average of $25.85. Danske Bank has a 52-week low of $19.68 and a 52-week high of $28.85.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on DNKEY shares. Morgan Stanley restated an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. Citigroup restated a “buy” rating on shares of Danske Bank in a research note on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a research note on Wednesday, April 8th. Finally, Barclays restated an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
About Danske Bank
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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