Akbank Turk Anonim Sirketi (AKBTY) to Post Quarterly Earnings on Tuesday

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) is expected to be posting its resultson Tuesday, July 28th. Analysts expect the company to post earnings of $0.1273 per share and revenue of $1.4949 billion for the quarter.

Akbank Turk Anonim Sirketi (OTCMKTS:AKBTY) last posted its earnings results on Tuesday, April 28th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Akbank Turk Anonim Sirketi had a net margin of 7.87% and a return on equity of 21.12%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.45 billion.

Akbank Turk Anonim Sirketi Price Performance

Shares of AKBTY opened at $2.88 on Tuesday. The firm has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $3.36. The stock has a market cap of $7.49 billion, a PE ratio of 4.97 and a beta of 0.60. Akbank Turk Anonim Sirketi has a 1-year low of $2.51 and a 1-year high of $4.24. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

Akbank Turk Anonim Sirketi Company Profile

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.