$0.22 EPS Expected for ICICI Bank Ltd (NYSE:IBN) This Quarter

Analysts expect that ICICI Bank Ltd (NYSE:IBN) will report earnings of $0.22 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for ICICI Bank’s earnings. ICICI Bank posted earnings of $0.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 214.3%. The firm is expected to announce its next earnings report on Wednesday, January 29th.

On average, analysts expect that ICICI Bank will report full year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.61. For the next year, analysts expect that the company will post earnings of $0.88 per share, with EPS estimates ranging from $0.78 to $0.99. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow ICICI Bank.

Separately, ValuEngine raised shares of ICICI Bank from a “strong sell” rating to a “sell” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Exane Derivatives raised its holdings in shares of ICICI Bank by 89.3% in the second quarter. Exane Derivatives now owns 2,396 shares of the bank’s stock valued at $30,000 after purchasing an additional 1,130 shares during the last quarter. Advisory Services Network LLC increased its holdings in ICICI Bank by 637.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,757 shares of the bank’s stock worth $35,000 after acquiring an additional 2,383 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in ICICI Bank in the 2nd quarter worth about $35,000. Cutler Group LP purchased a new stake in ICICI Bank in the 3rd quarter worth about $48,000. Finally, Parallel Advisors LLC increased its holdings in ICICI Bank by 299.7% in the 3rd quarter. Parallel Advisors LLC now owns 4,477 shares of the bank’s stock worth $55,000 after acquiring an additional 3,357 shares during the last quarter. 21.30% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE IBN traded up $0.12 during trading hours on Monday, hitting $13.70. 209,586 shares of the stock were exchanged, compared to its average volume of 7,037,889. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day moving average is $12.42 and its 200 day moving average is $11.87. The firm has a market capitalization of $43.95 billion, a P/E ratio of 91.40 and a beta of 0.79. ICICI Bank has a one year low of $9.20 and a one year high of $13.70.

About ICICI Bank

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.

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Earnings History and Estimates for ICICI Bank (NYSE:IBN)

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