Commerzbank (CRZBY) to Post Quarterly Earnings on Wednesday

Commerzbank (OTCMKTS:CRZBY) is anticipated to release its results before the market opens on Wednesday, August 5th. Analysts expect Commerzbank to announce earnings of $0.95 per share and revenue of $3.7229 billion for the quarter.

Commerzbank (OTCMKTS:CRZBY) last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.11. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. On average, analysts expect Commerzbank to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Commerzbank Stock Performance

Shares of CRZBY opened at $43.34 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. The firm’s 50 day moving average is $42.80 and its 200-day moving average is $40.91. Commerzbank has a 12-month low of $33.63 and a 12-month high of $44.88. The stock has a market capitalization of $47.52 billion, a P/E ratio of 17.13 and a beta of 0.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Commerzbank stock. Rhumbline Advisers lifted its position in Commerzbank AG (OTCMKTS:CRZBY) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,876 shares of the financial services provider’s stock after buying an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

CRZBY has been the topic of a number of recent analyst reports. Zacks Research lowered Commerzbank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup restated a “neutral” rating on shares of Commerzbank in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Royal Bank Of Canada upgraded shares of Commerzbank from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Finally, Barclays raised shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.