Skandinaviska (SVKEF) Expected to Announce Earnings on Wednesday

Skandinaviska (OTCMKTS:SVKEF) is expected to be issuing its resultson Wednesday, July 15th. Analysts expect Skandinaviska to announce earnings of $0.4009 per share and revenue of $1.9744 billion for the quarter.

Skandinaviska (OTCMKTS:SVKEF) last released its earnings results on Friday, May 29th. The financial services provider reported $0.41 earnings per share for the quarter. The firm had revenue of $2.01 billion during the quarter. Skandinaviska had a return on equity of 15.80% and a net margin of 20.90%.

Skandinaviska Stock Performance

Shares of SVKEF stock opened at $20.38 on Wednesday. Skandinaviska has a fifty-two week low of $17.29 and a fifty-two week high of $22.53. The stock’s fifty day moving average price is $19.80 and its two-hundred day moving average price is $20.49. The company has a market cap of $41.51 billion, a PE ratio of 11.32 and a beta of 0.56.

Analysts Set New Price Targets

SVKEF has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Skandinaviska in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Skandinaviska in a research note on Monday, April 13th. Barclays cut shares of Skandinaviska from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Skandinaviska in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Skandinaviska presently has a consensus rating of “Hold”.

Skandinaviska Company Profile

Skandinaviska Enskilda Banken AB (publ) provides corporate, retail, investment, and private banking services. The company operates through Large Corporates & Financial Institutions, Corporate & Private Customers, Private Wealth Management & Family Office, Baltic, Life, and Investment Management divisions. It offers treasury advisory services; factoring and receivable, trade, and export financing; markets and trading, such as equities, fixed income, commodities, and foreign exchange; financial services, including investment, financing, and ownership; and shipping and real estate finance.