Wall Street analysts predict that ICICI Bank Ltd (NYSE:IBN) will announce $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for ICICI Bank’s earnings. ICICI Bank posted earnings of $0.10 per share during the same quarter last year, which would suggest a negative year over year growth rate of 50%. The company is expected to announce its next earnings report on Friday, October 26th.

According to Zacks, analysts expect that ICICI Bank will report full year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.36. For the next financial year, analysts anticipate that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.73 to $0.76. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for ICICI Bank.

ICICI Bank (NYSE:IBN) last announced its quarterly earnings results on Friday, July 27th. The bank reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.37 billion. ICICI Bank had a net margin of 6.04% and a return on equity of 3.93%.

A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of ICICI Bank from a “hold” rating to a “sell” rating in a report on Monday, August 13th. ValuEngine upgraded shares of ICICI Bank from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Finally, Goldman Sachs Group downgraded shares of ICICI Bank from a “conviction-buy” rating to a “buy” rating in a report on Thursday, June 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.00.

Shares of ICICI Bank stock traded up $0.02 during trading hours on Wednesday, reaching $9.02. The company’s stock had a trading volume of 6,468,802 shares, compared to its average volume of 7,200,920. ICICI Bank has a one year low of $7.61 and a one year high of $11.26. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The company has a market cap of $29.60 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.94.

Institutional investors have recently bought and sold shares of the company. Bellecapital International Ltd. bought a new stake in shares of ICICI Bank in the 2nd quarter worth about $100,000. SP Asset Management bought a new stake in shares of ICICI Bank in the 2nd quarter worth about $106,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of ICICI Bank in the 1st quarter worth about $108,000. BB&T Securities LLC bought a new position in ICICI Bank during the 1st quarter valued at about $114,000. Finally, Timber Hill LLC bought a new position in ICICI Bank during the 1st quarter valued at about $121,000. Hedge funds and other institutional investors own 22.79% of the company’s stock.

ICICI Bank Company Profile

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.

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Earnings History and Estimates for ICICI Bank (NYSE:IBN)

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