Wall Street analysts expect HDFC Bank Limited (NYSE: HDB) to report earnings per share (EPS) of $ 0.59 for the current quarter, according to Zack. Zero analysts made estimates for HDFC Bank’s earnings. HDFC Bank reported earnings per share of $ 0.48 in the same quarter last year, suggesting a positive year-over-year growth rate of 22.9%. The company is expected to release its next quarterly results on Friday, July 16.
According to Zacks, analysts expect HDFC Bank to report annual profit of $ 2.80 per share for the current year, with EPS estimates ranging from $ 2.71 to $ 2.95. For the next fiscal year, analysts predict the company will post earnings of $ 3.36 per share, with EPS estimates ranging from $ 3.25 to $ 3.53. Zacks Investment Research’s BPA calculations are an average based on a survey of sales analysts who cover HDFC Bank.
HDFC Bank (NYSE: HDB) last released its quarterly results on Friday, April 16. The bank reported earnings per share (EPS) of $ 0.63 for the quarter, beating analysts’ consensus estimates of $ 0.60 by $ 0.03. The company posted sales of $ 3.68 billion in the quarter. HDFC Bank recorded a return on equity of 15.73% and a net margin of 20.43%.
Separately, Zacks investment research downgraded HDFC Bank from a “keep” rating to a “sell” rating in a research report released Wednesday, April 28.
Institutional investors recently changed their holdings of equities. Arkadios Wealth Advisors acquired a new position in HDFC Bank in the first quarter valued at approximately $ 29,000. Ameritas Investment Company LLC purchased a new position in HDFC Bank shares during the first quarter valued at $ 32,000. Eudaimonia Partners LLC purchased a new position in HDFC Bank shares during the first quarter valued at $ 34,000. Sageworth Trust Co purchased a new position in HDFC Bank shares during the first quarter valued at $ 34,000. Finally, Endurance Wealth Management Inc. strengthened its position in HDFC Bank shares by 182.5% during the first quarter. Endurance Wealth Management Inc. now owns 565 shares of the bank valued at $ 44,000 after purchasing an additional 365 shares during the period. Institutional investors hold 20.67% of the company’s shares.
HDFC Bank shares opened at $ 74.78 on Thursday. The stock has a market cap of $ 136.68 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 1.27, and a beta of 0.77. HDFC Bank has a 52-week low of $ 42.53 and a 52-week high of $ 84.70. The company has a quick ratio of 0.39, a current ratio of 0.08, and a debt ratio of 0.80. The stock has a 50-day simple moving average of $ 72.88.
About HDFC Bank
HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong and Dubai. It operates in the Treasury, Retail banking, Wholesale banking, Other banking and Unallocated segments. The company accepts savings, salary, current and Demat accounts; fixed and recurring deposits; and safes, and rural and retirement accounts, as well as offshore accounts and deposits, overdrafts against fixed deposits and wages, and transfer facilities.
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