Svenska Handelsbanken Ab Publ (SVNLY) Expected to Announce Earnings on Wednesday

Key Points

• Svenska Handelsbanken is expected to report quarterly earnings before the market opens on Wednesday, with analysts forecasting $0.1447 in earnings per share and $1.40 billion in revenue.
• Shares recently traded at $7.74, up 1.2%, giving the bank a market capitalization of approximately $30.63 billion and a P/E ratio of 10.89.
• Analyst sentiment remains cautious: Handelsbanken has an average “Reduce” rating, with three Sell ratings, one Hold, and one Buy, despite Barclays recently upgrading the stock to “positive.”

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY - Get Free Report) is anticipated to announce its results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.1447 per share and revenue of $1.40 billion for the quarter.

Svenska Handelsbanken Ab Publ Trading Up 1.2%

Shares of SVNLY stock opened at $7.74 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $7.68 and a two-hundred day moving average price of $7.37. Svenska Handelsbanken Ab Publ has a 12-month low of $6.14 and a 12-month high of $8.26. The firm has a market cap of $30.63 billion, a P/E ratio of 10.89 and a beta of 0.62.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SVNLY shares. Barclays raised Svenska Handelsbanken Ab Publ from an "underweight" rating to a "positive" rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Wednesday, September 16th. Citigroup reaffirmed a "sell" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, October 9th. Morgan Stanley reiterated an "underweight" rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, September 1st. Finally, The Goldman Sachs Group reissued a "sell" rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Svenska Handelsbanken Ab Publ presently has an average rating of "Reduce".

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ), commonly known as Handelsbanken, is a Swedish universal bank providing financial services to individuals, businesses and institutional customers. Its offerings include deposit accounts, lending, mortgages, payment services, cash management, financial advice and other banking solutions.

The bank also provides corporate and investment banking services, including financing, capital markets support, foreign exchange and securities-related services. Through affiliated operations, Handelsbanken offers asset management, pension and insurance-related products to selected customers.

Founded in Stockholm in 1871, Handelsbanken has historically developed a decentralized banking model in which local branches have significant responsibility for customer relationships and credit decisions.

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