Skandinaviska (SVKEF) Projected to Release Earnings on Thursday

Skandinaviska (OTCMKTS:SVKEF) will likely be releasing its results before the market opens on Thursday, October 22nd. Analysts expect Skandinaviska to post earnings of $0.3994 per share and revenue of $1.94 billion for the quarter.

Skandinaviska Stock Performance

Shares of SVKEF opened at $23.25 on Tuesday. The stock has a fifty day moving average price of $22.89 and a two-hundred day moving average price of $20.99. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. Skandinaviska has a 52-week low of $17.70 and a 52-week high of $23.67. The company has a market cap of $47.36 billion, a price-to-earnings ratio of 12.57 and a beta of 0.62.

Analyst Upgrades and Downgrades

SVKEF has been the topic of several research analyst reports. Citigroup restated a “neutral” rating on shares of Skandinaviska in a report on Friday, October 9th. Keefe, Bruyette & Woods upgraded Skandinaviska from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Skandinaviska Company Profile

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.