HDFC Bank (NYSE:HDB) Posts Earnings Results, Beats Expectations By $0.08 EPS

HDFC Bank (NYSE:HDB) posted its quarterly earnings data on Wednesday. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08, Zacks reports. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%.

HDFC Bank Price Performance

NYSE HDB opened at $58.90 on Wednesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $149.16 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.66 and a beta of 0.92. The business’s fifty day moving average is $63.90 and its two-hundred day moving average is $62.45. HDFC Bank has a 1 year low of $52.16 and a 1 year high of $68.50.

Analyst Ratings Changes

Separately, StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

About HDFC Bank

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.