Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) announced its quarterly earnings data on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.10, Zacks reports. Svenska Handelsbanken Ab Publ had a return on equity of 12.80% and a net margin of 15.97%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.53 billion.

Svenska Handelsbanken Ab Publ Price Performance

SVNLY stock traded down $0.39 during midday trading on Thursday, hitting $7.73. 89,750 shares of the stock were exchanged, compared to its average volume of 122,095. The stock has a market cap of $30.63 billion, a price-to-earnings ratio of 12.68 and a beta of 0.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.10 and a current ratio of 2.10. Svenska Handelsbanken Ab Publ has a fifty-two week low of $4.93 and a fifty-two week high of $8.26. The stock’s 50-day moving average price is $7.35 and its 200-day moving average price is $6.75.

Analysts Set New Price Targets

SVNLY has been the subject of a number of research analyst reports. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Friday, January 9th. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.