Swedbank (OTCMKTS:SWDBY) Announces Earnings Results, Beats Expectations By $0.15 EPS

Key Points

• Swedbank reported earnings of SEK 0.79 per share, exceeding analysts' expectations of SEK 0.64 by SEK 0.15.
• The company's return on equity stood at 16.12% with a net margin of 25.22%.
• Despite a strong earnings report, Swedbank stock has an average rating of "Reduce" from analysts, with several holding a "Sell" rating.

Swedbank (OTCMKTS:SWDBY - Get Free Report) announced its earnings results on Thursday. The financial services provider reported SEK 0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of SEK 0.64 by SEK 0.15, Zacks reports. Swedbank had a return on equity of 16.12% and a net margin of 25.22%.

Swedbank Stock Performance

Shares of OTCMKTS SWDBY traded down SEK 0.23 during midday trading on Thursday, hitting SEK 30.58. 138 shares of the company's stock were exchanged, compared to its average volume of 21,116. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.89. Swedbank has a 12 month low of SEK 18.71 and a 12 month high of SEK 31.02. The company's 50 day moving average price is SEK 29.45 and its 200 day moving average price is SEK 26.88. The firm has a market capitalization of $34.41 billion, a PE ratio of 10.54 and a beta of 0.70.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SWDBY shares. Morgan Stanley reissued an "underweight" rating on shares of Swedbank in a research report on Tuesday, September 2nd. Citigroup reissued a "neutral" rating on shares of Swedbank in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce".

About Swedbank

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.

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