Commerzbank (CRZBY) Projected to Release Earnings on Wednesday

Commerzbank (OTCMKTS:CRZBY) is expected to issue its results before the market opens on Wednesday, August 5th. Analysts expect the company to post earnings of $0.95 per share and revenue of $3.7229 billion for the quarter.

Commerzbank (OTCMKTS:CRZBY) last announced its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.11. Commerzbank had a net margin of 11.55% and a return on equity of 7.69%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. On average, analysts expect Commerzbank to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Commerzbank Trading Up 4.6%

OTCMKTS CRZBY traded up $2.01 during trading hours on Tuesday, hitting $45.35. 1,691 shares of the company were exchanged, compared to its average volume of 46,363. The stock has a 50-day moving average price of $42.85 and a 200 day moving average price of $40.93. The company has a quick ratio of 12.24, a current ratio of 12.24 and a debt-to-equity ratio of 1.62. Commerzbank has a 52 week low of $33.63 and a 52 week high of $45.35. The stock has a market cap of $49.73 billion, a PE ratio of 17.92 and a beta of 0.55.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers boosted its position in shares of Commerzbank AG (OTCMKTS:CRZBY) by 22.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,876 shares of the financial services provider’s stock after purchasing an additional 1,252 shares during the quarter. Rhumbline Advisers’ holdings in Commerzbank were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Analyst Ratings Changes

Several analysts recently weighed in on CRZBY shares. DZ Bank upgraded Commerzbank from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Zacks Research lowered shares of Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Commerzbank in a research note on Tuesday, May 12th. Barclays upgraded shares of Commerzbank from an “equal weight” rating to an “overweight” rating in a report on Monday, April 20th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Commerzbank currently has an average rating of “Moderate Buy”.

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.