HDFC Bank Limited (NYSE:HDB) Expected to Announce Earnings of $0.57 Per Share

Equities research analysts predict that HDFC Bank Limited (NYSE:HDB) will report earnings of $0.57 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for HDFC Bank’s earnings. HDFC Bank reported earnings of $0.43 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 32.6%. The business is expected to announce its next earnings results on Friday, January 17th.

According to Zacks, analysts expect that HDFC Bank will report full-year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.03 to $2.13. For the next financial year, analysts expect that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.56 to $2.66. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover HDFC Bank.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. HDFC Bank had a return on equity of 14.02% and a net margin of 18.25%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.67 billion.

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein lowered shares of HDFC Bank from an “outperform” rating to a “market perform” rating in a research report on Monday, September 9th. ValuEngine downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Zacks Investment Research lowered shares of HDFC Bank from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. HDFC Bank currently has an average rating of “Hold” and a consensus target price of $97.32.

NYSE:HDB traded down $0.09 on Wednesday, hitting $62.30. 957,321 shares of the company’s stock traded hands, compared to its average volume of 1,564,293. The company has a market cap of $113.27 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 1.29 and a beta of 0.41. HDFC Bank has a 1 year low of $47.03 and a 1 year high of $65.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $61.43 and a 200-day moving average price of $96.52.

Large investors have recently made changes to their positions in the stock. Nkcfo LLC acquired a new position in HDFC Bank in the 2nd quarter worth about $39,000. Cubist Systematic Strategies LLC bought a new stake in shares of HDFC Bank in the 2nd quarter valued at approximately $52,000. Advisors Preferred LLC acquired a new position in HDFC Bank in the second quarter worth approximately $53,000. Quest Capital Management Inc. ADV acquired a new position in HDFC Bank in the third quarter worth approximately $26,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in HDFC Bank during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 17.98% of the company’s stock.

About HDFC Bank

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Earnings History and Estimates for HDFC Bank (NYSE:HDB)

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