Skandinaviska (OTCMKTS:SVKEF) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Skandinaviska (OTCMKTS:SVKEF - Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02, Zacks reports. The firm had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $19.24 billion. Skandinaviska had a net margin of 19.05% and a return on equity of 15.14%.

Skandinaviska Stock Performance

Shares of Skandinaviska stock traded down $0.21 during trading on Thursday, hitting $17.29. 668 shares of the company's stock were exchanged, compared to its average volume of 144. The stock has a market capitalization of $35.21 billion, a price-to-earnings ratio of 11.08 and a beta of 0.46. The business has a 50-day simple moving average of $17.47 and a 200-day simple moving average of $15.89. Skandinaviska has a 52-week low of $12.59 and a 52-week high of $18.66.

Analysts Set New Price Targets

Several research firms have recently commented on SVKEF. Barclays raised Skandinaviska from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Citigroup reissued a "neutral" rating on shares of Skandinaviska in a research report on Wednesday, May 21st.

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.