Nordea Bank (NRDBY) Expected to Announce Quarterly Earnings on Wednesday

Nordea Bank (OTCMKTS:NRDBY) is expected to be announcing its resultson Wednesday, April 22nd. Analysts expect the company to announce earnings of $0.3778 per share and revenue of $3.3657 billion for the quarter.

Nordea Bank (OTCMKTS:NRDBY) last released its earnings results on Thursday, January 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. Nordea Bank had a return on equity of 15.61% and a net margin of 22.36%.The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.42 billion. On average, analysts expect Nordea Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Nordea Bank Stock Performance

OTCMKTS NRDBY opened at $18.83 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 6.33. The business’s 50 day moving average is $18.58 and its two-hundred day moving average is $18.28. Nordea Bank has a 12-month low of $12.87 and a 12-month high of $20.61. The stock has a market capitalization of $64.24 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 2.08 and a beta of 0.63.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NRDBY shares. Zacks Research upgraded Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.