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

HDFC Bank (NYSE:HDB) issued its quarterly earnings results on Wednesday. The bank reported $0.82 earnings per share (EPS) for the quarter, topping 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 Stock Up 3.1 %

NYSE HDB opened at $60.69 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank has a 52 week low of $52.16 and a 52 week high of $68.50. The stock has a market capitalization of $153.69 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. The stock has a fifty day moving average of $63.82 and a 200-day moving average of $62.42.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report 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.