Nordea Bank (OTCMKTS:NRDBY) Releases Earnings Results, Misses Estimates By $0.01 EPS

Nordea Bank (OTCMKTS:NRDBY) released its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01), Zacks reports. Nordea Bank had a net margin of 22.65% and a return on equity of 15.15%. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion.

Nordea Bank Stock Performance

OTCMKTS NRDBY opened at $18.27 on Friday. Nordea Bank has a 12-month low of $13.26 and a 12-month high of $20.61. The firm has a market cap of $62.33 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 2.05 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.33. The company’s 50 day moving average is $18.50 and its 200-day moving average is $18.30.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NRDBY shares. Zacks Research raised Nordea Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.