Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) released its earnings results on Tuesday. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.02, Zacks reports. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.53 billion. Akbank Turk Anonim Sirketi had a return on equity of 20.58% and a net margin of 7.56%.

Akbank Turk Anonim Sirketi Price Performance

AKBTY opened at $3.20 on Thursday. The business has a fifty day moving average of $3.48 and a 200 day moving average of $3.32. Akbank Turk Anonim Sirketi has a 52-week low of $2.47 and a 52-week high of $4.24. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. The stock has a market cap of $8.32 billion, a P/E ratio of 5.71 and a beta of 0.67.

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.