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

Skandinaviska (OTCMKTS:SVKEF - Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02, Zacks reports. Skandinaviska had a net margin of 19.37% and a return on equity of 14.69%. The firm had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $19.24 billion.

Skandinaviska Stock Performance

Skandinaviska stock remained flat at $17.29 during mid-day trading on Friday. Skandinaviska has a 52 week low of $12.59 and a 52 week high of $18.66. The business's fifty day moving average price is $17.51 and its 200 day moving average price is $15.94. The stock has a market cap of $35.21 billion, a P/E ratio of 11.08 and a beta of 0.46.

Wall Street Analysts Forecast Growth

SVKEF has been the topic of several research reports. Barclays upgraded shares of Skandinaviska from a "strong sell" rating to a "strong-buy" rating in a report on Monday, June 2nd. Citigroup reiterated a "neutral" rating on shares of Skandinaviska in a 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.