Danske Bank (OTCMKTS:DNKEY) Posts Earnings Results, Beats Estimates By $0.06 EPS

Danske Bank (OTCMKTS:DNKEY) released its quarterly earnings results on Thursday. The financial services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06, Zacks reports. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%.

Danske Bank Trading Up 0.4%

DNKEY traded up $0.10 during trading on Thursday, hitting $26.54. 27,292 shares of the stock were exchanged, compared to its average volume of 55,124. The company has a debt-to-equity ratio of 8.09, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a 50 day simple moving average of $28.01 and a 200 day simple moving average of $26.73. The firm has a market cap of $43.30 billion, a price-to-earnings ratio of 11.74 and a beta of 0.63. Danske Bank has a 1 year low of $21.73 and a 1 year high of $29.65.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DNKEY. Barclays lowered Danske Bank from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Danske Bank in a research report on Wednesday, September 16th. Zacks Research downgraded shares of Danske Bank from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Danske Bank in a research note on Monday, July 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danske Bank in a report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Danske Bank has an average rating of “Hold”.

About Danske Bank

Danske Bank A/S is a Danish financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banks in Denmark and provides banking and financial solutions to individuals, businesses, institutional clients and public-sector organizations.

The company’s services include personal and business banking, lending, deposits, payment services, credit cards, investment products, pension solutions and wealth management. Through its subsidiaries and related businesses, Danske Bank also provides mortgage financing, asset management, corporate finance, capital markets services and other investment banking products.

Danske Bank primarily serves customers across the Nordic region, with Denmark as its main market and operations and business activities in countries including Sweden, Norway and Finland.