HDFC Bank (NYSE:HDB) Posts Earnings Results

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

HDFC Bank Price Performance

Shares of HDB opened at $58.90 on Wednesday. The company has a market cap of $149.16 billion, a P/E ratio of 17.90, a PEG ratio of 1.66 and a beta of 0.92. The stock has a fifty day moving average price of $63.90 and a 200 day moving average price of $62.45. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank has a 12 month low of $52.16 and a 12 month high of $68.50.

Wall Street Analyst Weigh In

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

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.