Skandinaviska (OTCMKTS:SVKEF) Announces Earnings Results

Skandinaviska (OTCMKTS:SVKEF) issued its quarterly earnings results on Thursday. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40, Zacks reports. Skandinaviska had a net margin of 21.30% and a return on equity of 15.60%.

Skandinaviska Price Performance

Shares of OTCMKTS SVKEF opened at $23.25 on Thursday. Skandinaviska has a 12-month low of $17.70 and a 12-month high of $23.67. The stock has a market cap of $47.36 billion, a PE ratio of 12.57 and a beta of 0.62. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23. The company has a 50-day moving average of $22.99 and a 200 day moving average of $21.06.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SVKEF. The Goldman Sachs Group restated a “neutral” rating on shares of Skandinaviska in a research report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research note on Friday, October 9th. Finally, Keefe, Bruyette & Woods raised Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Six analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

About Skandinaviska

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving corporate, institutional and private customers. The company provides banking and investment services, including lending, deposits, payments, cash management, trade finance, corporate finance, securities services, asset management and private banking.

SEB has a strong historical focus on supporting businesses and entrepreneurs. Its origins trace to Stockholms Enskilda Bank, founded in 1856, and Skandinaviska Banken; the two institutions merged in 1972 to form Skandinaviska Enskilda Banken.