Standard Chartered (SCBFF) to Post Earnings on Wednesday

Standard Chartered (OTCMKTS:SCBFF) is anticipated to post its results before the market opens on Wednesday, July 29th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $5.5928 billion for the quarter.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.58 billion. On average, analysts expect Standard Chartered to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Standard Chartered Price Performance

OTCMKTS:SCBFF opened at $27.97 on Tuesday. Standard Chartered has a 52 week low of $17.39 and a 52 week high of $29.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $63.59 billion, a PE ratio of 13.64 and a beta of 0.69. The stock’s 50-day moving average price is $26.79 and its 200-day moving average price is $24.71.

Wall Street Analysts Forecast Growth

Several analysts have commented on SCBFF shares. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Thursday, July 16th. UBS Group downgraded Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods upgraded Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Standard Chartered has an average rating of “Moderate Buy”.

About Standard Chartered

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.