Skandinaviska (OTCMKTS:SVKEF) Issues Earnings Results

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

Skandinaviska Stock Performance

SVKEF opened at $20.88 on Wednesday. The firm’s fifty day moving average is $19.82 and its two-hundred day moving average is $20.48. The firm has a market cap of $42.53 billion, a PE ratio of 11.60 and a beta of 0.56. Skandinaviska has a twelve month low of $17.29 and a twelve month high of $22.53.

Analyst Ratings Changes

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