Equities analysts forecast that HDFC Bank Limited (NYSE:HDB) will post earnings per share (EPS) of $0.99 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for HDFC Bank’s earnings. HDFC Bank reported earnings per share of $0.79 in the same quarter last year, which suggests a positive year-over-year growth rate of 25.3%. The company is expected to issue its next earnings results on Friday, October 18th.
On average, analysts expect that HDFC Bank will report full-year earnings of $4.02 per share for the current financial year, with EPS estimates ranging from $3.92 to $4.11. For the next year, analysts anticipate that the firm will post earnings of $4.89 per share, with EPS estimates ranging from $4.81 to $4.94. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for HDFC Bank.
HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, July 20th. The bank reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.03). The firm had revenue of $4.65 billion during the quarter. HDFC Bank had a return on equity of 13.23% and a net margin of 17.98%.
HDB has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Nomura downgraded shares of HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 price objective on the stock. in a report on Tuesday, June 11th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its holdings in HDFC Bank by 9.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,313 shares of the bank’s stock worth $171,000 after buying an additional 110 shares during the period. Atria Investments LLC increased its holdings in HDFC Bank by 11.6% in the 2nd quarter. Atria Investments LLC now owns 10,294 shares of the bank’s stock worth $1,134,000 after buying an additional 1,074 shares during the period. Natixis increased its holdings in HDFC Bank by 1.2% in the 2nd quarter. Natixis now owns 8,396 shares of the bank’s stock worth $1,092,000 after buying an additional 99 shares during the period. Aubrey Capital Management Ltd increased its holdings in HDFC Bank by 25.7% in the 2nd quarter. Aubrey Capital Management Ltd now owns 109,550 shares of the bank’s stock worth $14,246,000 after buying an additional 22,410 shares during the period. Finally, Vestmark Advisory Solutions Inc. acquired a new position in HDFC Bank in the 2nd quarter worth approximately $215,000. Hedge funds and other institutional investors own 19.26% of the company’s stock.
HDB opened at $103.57 on Tuesday. HDFC Bank has a 52-week low of $85.43 and a 52-week high of $131.78. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The company has a market cap of $90.73 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45. The firm’s 50-day moving average price is $111.97 and its 200-day moving average price is $116.09.
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.
Recommended Story: Why is a lock-up period needed for an IPO?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.