Suruga Bank (SUGBY) Projected to Release Earnings on Thursday

Suruga Bank (OTCMKTS:SUGBY) is projected to post its resultson Thursday, August 6th. Analysts expect the company to announce earnings of $2.76 per share and revenue of $16.9628 billion for the quarter.

Suruga Bank (OTCMKTS:SUGBY) last released its quarterly earnings results on Thursday, May 14th. The company reported $4.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $2.83. Suruga Bank had a return on equity of 11.18% and a net margin of 33.98%.The firm had revenue of $190.14 million during the quarter, compared to analysts’ expectations of $113.95 million.

Suruga Bank Stock Performance

Shares of SUGBY opened at $80.02 on Thursday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 6.10 and a beta of -0.04. The stock has a fifty day moving average price of $80.02 and a two-hundred day moving average price of $80.02. Suruga Bank has a 52-week low of $45.82 and a 52-week high of $80.02.

Suruga Bank Company Profile

Suruga Bank Ltd. is a regional financial institution headquartered in Shizuoka City, Shizuoka Prefecture, Japan. Established in the mid-20th century, the bank has built a reputation for serving both individual and corporate customers in its home region and beyond. As a member of Concordia Financial Group, Suruga Bank leverages group-wide resources to enhance its product offerings and operational capabilities.

The bank’s core business activities encompass a broad range of commercial and retail banking services.