Danske Bank (OTCMKTS:DNKEY – Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 Stock Down 1.5%
DNKEY opened at $28.42 on Friday. The business’s fifty day simple moving average is $26.49 and its 200 day simple moving average is $25.85. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 7.44. The firm has a market cap of $46.37 billion, a P/E ratio of 13.10 and a beta of 0.61. Danske Bank has a 52 week low of $19.68 and a 52 week high of $28.85.
Analyst Ratings Changes
A number of brokerages have recently commented on DNKEY. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a report on Wednesday, June 24th. Barclays reaffirmed an “overweight” rating on shares of Danske Bank in a report on Thursday, April 9th. Jefferies Financial Group reiterated a “hold” rating on shares of Danske Bank in a research report on Wednesday, April 8th. Finally, Citigroup restated a “buy” rating on shares of Danske Bank in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Danske Bank Company Profile
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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