Nordea Bank (NRDBY) Set to Post Earnings on Thursday

Nordea Bank (OTCMKTS:NRDBY) is projected to announce its results before the market opens on Thursday, October 15th. Analysts expect Nordea Bank to announce earnings of $0.3977 per share and revenue of $3.37 billion for the quarter.

Nordea Bank (OTCMKTS:NRDBY) last released its quarterly earnings results on Thursday, July 16th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. On average, analysts expect Nordea Bank to post $1.77 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.

Nordea Bank Stock Up 1.2%

Shares of Nordea Bank stock opened at $19.09 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.79. The company’s fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $19.25. The company has a market cap of $64.96 billion, a P/E ratio of 11.71, a PEG ratio of 1.41 and a beta of 0.69. Nordea Bank has a 12-month low of $16.19 and a 12-month high of $21.39.

Analyst Upgrades and Downgrades

NRDBY has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nordea Bank in a research report on Wednesday, September 16th. Finally, Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Nordea Bank has a consensus rating of “Moderate Buy”.

Nordea Bank Company Profile

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.