HDFC Bank (HDB) Expected to Announce Earnings on Tuesday

HDFC Bank (NYSE:HDB) 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) 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.

About HDFC Bank

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.