Danske Bank (OTCMKTS:DNKEY) Posts Earnings Results, Beats Expectations By $0.03 EPS

Danske Bank (OTCMKTS:DNKEY) posted its quarterly earnings results on Friday. The financial services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03, Zacks reports. Danske Bank had a return on equity of 13.14% and a net margin of 40.38%.

Danske Bank Trading Down 1.5%

Shares of OTCMKTS DNKEY opened at $28.42 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 7.44. The stock has a market capitalization of $46.37 billion, a PE ratio of 13.10 and a beta of 0.61. Danske Bank has a twelve month low of $19.68 and a twelve month high of $28.85. The stock has a fifty day simple moving average of $26.49 and a 200-day simple moving average of $25.85.

Analyst Upgrades and Downgrades

DNKEY has been the subject of several analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Danske Bank in a report on Wednesday, April 8th. Barclays reissued an “overweight” rating on shares of Danske Bank in a research report on Thursday, April 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Danske Bank in a research note on Wednesday, June 24th. 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Danske Bank 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.