Skandinaviska (OTCMKTS:SVKEF) Issues Earnings Results

Skandinaviska (OTCMKTS:SVKEF) announced its earnings results on Thursday. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40, Zacks reports. Skandinaviska had a return on equity of 15.60% and a net margin of 21.30%.

Skandinaviska Stock Performance

Shares of OTCMKTS SVKEF opened at $23.25 on Thursday. The company has a market cap of $47.36 billion, a price-to-earnings ratio of 12.57 and a beta of 0.62. Skandinaviska has a fifty-two week low of $17.70 and a fifty-two week high of $23.67. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.42 and a current ratio of 1.42. The business’s 50 day moving average price is $22.99 and its 200-day moving average price is $21.06.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SVKEF shares. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research report on Friday, October 9th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Skandinaviska in a research note on Monday, July 20th. Finally, Keefe, Bruyette & Woods raised Skandinaviska from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Six investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB, commonly known as SEB, is a Swedish financial services group serving corporate, institutional and private customers. The company provides banking and investment services, including lending, deposits, payments, cash management, trade finance, corporate finance, securities services, asset management and private banking.

SEB has a strong historical focus on supporting businesses and entrepreneurs. Its origins trace to Stockholms Enskilda Bank, founded in 1856, and Skandinaviska Banken; the two institutions merged in 1972 to form Skandinaviska Enskilda Banken.