Skandinaviska (OTCMKTS:SVKEF) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Skandinaviska (OTCMKTS:SVKEF) released its quarterly earnings results on Wednesday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02, Zacks reports. Skandinaviska had a return on equity of 14.69% and a net margin of 19.37%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $19.24 billion.

Skandinaviska Price Performance

Shares of SVKEF stock opened at $17.29 on Friday. The stock has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $15.92. Skandinaviska has a fifty-two week low of $12.59 and a fifty-two week high of $18.66. The stock has a market capitalization of $35.21 billion, a P/E ratio of 11.08 and a beta of 0.46.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays raised Skandinaviska from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 2nd. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research note on Wednesday, May 21st.

Skandinaviska Company Profile

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.