Skandinaviska (OTCMKTS:SVKEF) Releases Quarterly Earnings Results, Meets Expectations

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

Skandinaviska Price Performance

Shares of OTCMKTS:SVKEF remained flat at $23.25 during mid-day trading on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 4.23. The stock has a market cap of $47.36 billion, a price-to-earnings ratio of 12.57 and a beta of 0.62. The stock has a 50 day moving average of $22.99 and a 200 day moving average of $21.06. Skandinaviska has a one year low of $17.70 and a one year high of $23.67.

Analyst Upgrades and Downgrades

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

About Skandinaviska

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.