Standard Chartered (OTCMKTS:SCBFF) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Standard Chartered (OTCMKTS:SCBFF) released its quarterly earnings results on Tuesday. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02), Zacks reports. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.82 billion. Standard Chartered had a net margin of 12.84% and a return on equity of 10.88%.

Standard Chartered Trading Up 0.6%

Standard Chartered stock traded up $0.14 during trading hours on Wednesday, reaching $24.47. 586 shares of the company were exchanged, compared to its average volume of 5,644. The stock has a 50-day moving average of $24.63 and a 200 day moving average of $21.57. The firm has a market cap of $55.62 billion, a price-to-earnings ratio of 13.01 and a beta of 0.52. Standard Chartered has a 12 month low of $10.65 and a 12 month high of $26.45.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Wednesday. The Goldman Sachs Group upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a report on Wednesday, January 14th. Finally, Zacks Research downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.