ICICI Bank Limited (NYSE: IBN) to report earnings of $ 0.23 per share
Brokerages expect ICICI Bank Limited (NYSE: IBN) to post earnings per share of $ 0.23 for the current fiscal quarter, according to Zacks Investment Research. Analysts of Zero have provided earnings estimates for ICICI Bank. ICICI Bank reported earnings of $ 0.19 per share in the same quarter last year, indicating a positive growth rate of 21.1% year-on-year. The company is expected to release its next results on Friday, February 4.
On average, analysts predict that ICICI Bank will report annual earnings of $ 0.85 per share for the current fiscal year, with EPS estimates ranging from $ 0.80 to $ 0.87. For next year, analysts predict the company will post earnings of $ 1.05 per share, with EPS estimates ranging from $ 0.99 to $ 1.11. Zacks Investment Research earnings per share averages are an average based on a survey of research companies that provide coverage to ICICI Bank.
ICICI Bank (NYSE: IBN) last released its quarterly earnings data on Saturday, October 23. The bank announced EPS of $ 0.21 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.22 ($ 0.01). ICICI Bank had a net margin of 19.71% and a return on equity of 11.56%. The company reported sales of $ 2.23 billion for the quarter.
IBN stock traded up $ 0.22 in Thursday’s session, reaching $ 19.65. 3,079,955 shares of the company were traded for an average volume of 7,266,185. ICICI Bank has a 52-week low of $ 14.20 and a 52-week high of $ 22.14. The company has a debt to equity ratio of 0.73, a quick ratio of 0.98, and a current ratio of 0.98. The company has a fifty-day simple moving average of $ 19.93 and a 200-day simple moving average of $ 19.06. The stock has a market cap of $ 68.20 billion, a price / earnings ratio of 26.20, a P / E / G ratio of 0.81, and a beta of 1.18.
Several institutional investors have recently increased or reduced their holdings in IBN. Clearstead Advisors LLC purchased a new equity stake in ICICI Bank in the second quarter for a value of approximately $ 34,000. Arkadios Wealth Advisors increased its stake in ICICI Bank shares by 199.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,814 shares of the bank valued at $ 34,000 after acquiring an additional 1,208 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new equity stake in ICICI Bank in the second quarter valued at approximately $ 63,000. Samalin Investment Counsel LLC purchased a new stake in ICICI Bank shares in the second quarter valued at approximately $ 132,000. Finally, Veracity Capital LLC purchased a new equity stake in ICICI Bank in the second quarter for a value of approximately $ 173,000. Hedge funds and other institutional investors hold 20.13% of the company’s shares.
About ICICI Bank
ICICI Bank Ltd. provides banking and financial services, which include retail banking, corporate banking and treasury. It operates in the following segments: retail banking, wholesale banking, treasury, other banking, life insurance, general insurance and others.
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