HDFC Bank (HDB) to Release 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. Parties interested in participating in the company’s conference call can do so using this link.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. 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 NYSE:HDB opened at $58.39 on Monday. HDFC Bank has a one year low of $52.16 and a one year high of $68.50. The stock has a market cap of $147.87 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. The business’s fifty day moving average price is $64.02 and its two-hundred day moving average price is $62.54. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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.