HDFC Bank (NYSE:HDB - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Friday, April 18th. Analysts expect HDFC Bank to post earnings of $0.72 per share and revenue of $434.68 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, analysts expect HDFC Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
HDFC Bank Stock Up 0.8 %
HDFC Bank stock traded up $0.58 during midday trading on Wednesday, hitting $69.99. 562,836 shares of the stock were exchanged, compared to its average volume of 2,942,339. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank has a 1 year low of $54.99 and a 1 year high of $70.24. The company has a 50 day moving average price of $62.64 and a two-hundred day moving average price of $62.83. The firm has a market cap of $177.24 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.12 and a beta of 0.68.
Wall Street Analysts Forecast Growth
HDB has been the subject of a number of research analyst reports. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.
View Our Latest Stock Report on HDB
About HDFC Bank
(
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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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