HDFC Bank (NYSE:HDB - Get Free Report) is expected to post 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 listening to the company's conference call can do so using this link.
HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. 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 4.2 %
Shares of HDB stock traded up $2.93 during trading on Friday, hitting $72.19. 5,530,201 shares of the company were exchanged, compared to its average volume of 2,802,875. The business's 50-day simple moving average is $63.27 and its 200 day simple moving average is $63.01. HDFC Bank has a twelve month low of $54.99 and a twelve month high of $72.34. The firm has a market capitalization of $182.80 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.
Analysts Set New Price Targets
HDB has been the topic of a number of recent research reports. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.
View Our Latest Report on HDB
HDFC Bank Company Profile
(
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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