Skandinaviska (SVKEF) Expected to Announce Earnings on Thursday

Skandinaviska (OTCMKTS:SVKEF) is expected to 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 Price Performance

Shares of Skandinaviska stock opened at $23.25 on Wednesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50-day moving average of $22.94 and a 200 day moving average of $21.02. The firm has a market cap of $47.36 billion, a price-to-earnings ratio of 12.57 and a beta of 0.62. Skandinaviska has a 1 year low of $17.70 and a 1 year high of $23.67.

Analysts Set New Price Targets

Several research firms recently commented on SVKEF. Citigroup reissued a “neutral” rating on shares of Skandinaviska in a research note on Friday, October 9th. Keefe, Bruyette & Woods upgraded shares of Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Six research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Skandinaviska 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.