Skandinaviska (OTCMKTS:SVKEF) Releases Earnings Results

Skandinaviska (OTCMKTS:SVKEF) posted its earnings results on Wednesday. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07, Zacks reports. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.97 billion. Skandinaviska had a return on equity of 15.76% and a net margin of 21.30%.

Skandinaviska Stock Performance

SVKEF opened at $20.88 on Friday. Skandinaviska has a 1-year low of $17.29 and a 1-year high of $22.53. The business has a 50 day moving average of $19.88 and a 200-day moving average of $20.49. The stock has a market capitalization of $42.53 billion, a price-to-earnings ratio of 11.29 and a beta of 0.56.

Wall Street Analyst Weigh In

A number of research firms recently commented on SVKEF. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research note on Tuesday, July 7th. Barclays downgraded Skandinaviska from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Jefferies Financial Group restated a “hold” rating on shares of Skandinaviska in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Skandinaviska in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Skandinaviska

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.