HDFC Bank (HDB) Expected to Announce Quarterly Earnings on Tuesday

HDFC Bank (NYSE:HDB) will likely be releasing its earnings data before the market opens on Tuesday, January 21st. Analysts expect HDFC Bank to post earnings of $0.74 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. 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 Trading Down 0.4 %

Shares of HDB stock opened at $58.39 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $147.87 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.67 and a beta of 0.92. HDFC Bank has a 1 year low of $52.16 and a 1 year high of $68.50. The firm has a fifty day moving average price of $64.02 and a 200-day moving average price of $62.57.

Analyst Ratings Changes

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Company Profile

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.