HDFC Bank (HDB) Projected to Post Earnings on Friday

HDFC Bank (NYSE:HDB) is anticipated to announce its earnings results before the market opens on Friday, April 18th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $434.68 billion for the quarter.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate 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 Price Performance

Shares of HDB opened at $64.80 on Friday. HDFC Bank has a one year low of $54.99 and a one year high of $68.50. The stock’s fifty day moving average is $62.25 and its 200-day moving average is $62.77. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $164.08 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.68.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

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.