HDFC Bank (HDB) to Release Earnings on Tuesday

HDFC Bank (NYSE:HDB) is anticipated to announce 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 posted its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. 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

HDFC Bank stock traded up $0.70 during mid-day trading on Wednesday, reaching $59.23. 2,903,420 shares of the company’s stock traded hands, compared to its average volume of 3,176,600. HDFC Bank has a 12-month low of $52.16 and a 12-month high of $68.50. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a 50 day moving average of $64.34 and a two-hundred day moving average of $62.66. The company has a market cap of $149.99 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.78 and a beta of 0.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research 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.