HDFC Bank (NYSE:HDB) Announces Quarterly Earnings Results

HDFC Bank (NYSE:HDB) announced its quarterly earnings data on Monday. The bank reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.27, Yahoo Finance reports. HDFC Bank had a net margin of 14.69% and a return on equity of 15.09%. The business had revenue of $14.03 billion during the quarter, compared to analyst estimates of $4.81 billion.

HDFC Bank Trading Down 0.4 %

Shares of NYSE HDB opened at $60.54 on Wednesday. The company’s 50 day simple moving average is $60.41 and its 200 day simple moving average is $57.98. The firm has a market capitalization of $112.60 billion, a P/E ratio of 18.57, a P/E/G ratio of 1.29 and a beta of 0.93. HDFC Bank has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.40 and a quick ratio of 0.52.

HDFC Bank Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, May 8th. Shareholders of record on Thursday, May 9th were issued a dividend of $0.7008 per share. This is a boost from HDFC Bank’s previous annual dividend of $0.59. This represents a yield of 1%. The ex-dividend date was Wednesday, May 8th. HDFC Bank’s payout ratio is currently 18.40%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday.

HDFC Bank Company Profile

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.