Skandinaviska (OTCMKTS:SVKEF) Releases Earnings Results, Beats Expectations By $0.07 EPS

Skandinaviska (OTCMKTS:SVKEF) released its quarterly earnings data on Wednesday. The financial services provider reported $0.47 earnings per share for the quarter, beating 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 Stock Up 4.2%

Shares of SVKEF opened at $20.88 on Wednesday. Skandinaviska has a twelve month low of $17.29 and a twelve month high of $22.53. The stock has a market capitalization of $42.53 billion, a P/E ratio of 11.60 and a beta of 0.56. The company has a 50 day moving average of $19.82 and a 200-day moving average of $20.48.

Analyst Upgrades and Downgrades

Several brokerages have commented on SVKEF. Citigroup restated a “neutral” rating on shares of Skandinaviska in a report on Tuesday, July 7th. Barclays cut shares of Skandinaviska from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Skandinaviska in a report on Monday, April 13th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Skandinaviska in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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. 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.