Skandinaviska (OTCMKTS:SVKEF) Posts Earnings Results, Beats Estimates By $0.07 EPS

Skandinaviska (OTCMKTS:SVKEF) announced its earnings results on Wednesday. The financial services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07, Zacks reports. Skandinaviska had a return on equity of 15.80% and a net margin of 20.90%.

Skandinaviska Trading Up 4.2%

OTCMKTS:SVKEF opened at $20.88 on Wednesday. Skandinaviska has a 12 month low of $17.29 and a 12 month high of $22.53. The stock has a 50 day moving average of $19.82 and a two-hundred day moving average of $20.48. The firm has a market cap of $42.53 billion, a P/E ratio of 11.60 and a beta of 0.56.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays downgraded Skandinaviska from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Skandinaviska in a research note on Monday, April 13th. Citigroup restated a “neutral” rating on shares of Skandinaviska in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Skandinaviska in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Skandinaviska has an average 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.