HDFC Bank (HDB) to Release Quarterly Earnings on Friday

HDFC Bank (NYSE:HDB) will likely be releasing its earnings data before the market opens on Friday, April 18th. Analysts expect HDFC Bank to post earnings of $0.72 per share and revenue of $434.68 billion for the quarter. Persons interested in listening to the company’s conference call can do so using this link.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. 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 Stock Performance

Shares of HDB opened at $69.45 on Wednesday. The company has a 50-day moving average of $62.64 and a two-hundred day moving average of $62.83. The stock has a market cap of $175.86 billion, a P/E ratio of 21.11, a PEG ratio of 2.12 and a beta of 0.68. HDFC Bank has a 12-month low of $54.99 and a 12-month high of $70.13. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HDB. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report 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.