HDFC Bank (NYSE:HDB - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, January 21st. Analysts expect the company to announce earnings of $0.74 per share for the quarter.
HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. On average, analysts expect HDFC Bank to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
HDFC Bank Price Performance
Shares of HDFC Bank stock traded up $0.70 during trading hours on Wednesday, hitting $59.23. The company's stock had a trading volume of 2,903,420 shares, compared to its average volume of 3,176,600. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank has a 12-month low of $52.16 and a 12-month high of $68.50. The business has a 50 day moving average price of $64.34 and a two-hundred day moving average price of $62.66. The company has a market cap of $149.99 billion, a PE ratio of 18.00, a PEG ratio of 1.78 and a beta of 0.92.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.
Read Our Latest Report on HDFC Bank
About HDFC Bank
(
Get Free Report)
HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.
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