Standard Chartered (OTCMKTS:SCBFF) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Standard Chartered (OTCMKTS:SCBFF) issued its quarterly earnings results on Wednesday. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09, Zacks reports. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.59 billion.

Standard Chartered Price Performance

Shares of OTCMKTS SCBFF opened at $28.16 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $64.02 billion, a price-to-earnings ratio of 13.74 and a beta of 0.69. Standard Chartered has a twelve month low of $17.39 and a twelve month high of $29.12. The business has a 50 day simple moving average of $26.90 and a 200-day simple moving average of $24.76.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. UBS Group cut shares of Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.