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

HDFC Bank (NYSE:HDB) posted its earnings results on Wednesday. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08, Zacks reports. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $58.95 on Friday. The firm has a market cap of $149.27 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.73 and a beta of 0.92. HDFC Bank has a fifty-two week low of $52.16 and a fifty-two week high of $68.50. 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 firm has a fifty day moving average price of $63.82 and a 200 day moving average price of $62.42.

Analysts Set New Price Targets

A number of research firms recently weighed in on HDB. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday.

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.