Svenska Handelsbanken Ab Publ (SVNLY) Expected to Release Earnings on Wednesday

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) is expected to announce its resultson Wednesday, July 15th. Analysts expect the company to announce earnings of $0.1435 per share and revenue of $1.4564 billion for the quarter.

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Svenska Handelsbanken Ab Publ had a net margin of 17.61% and a return on equity of 14.41%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, analysts expect Svenska Handelsbanken Ab Publ to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Svenska Handelsbanken Ab Publ Trading Down 0.5%

OTCMKTS:SVNLY opened at $7.44 on Wednesday. The company has a market cap of $29.47 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 4.32 and a beta of 0.61. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $7.16 and a two-hundred day simple moving average of $7.33. Svenska Handelsbanken Ab Publ has a 12 month low of $5.80 and a 12 month high of $8.26.

Wall Street Analysts Forecast Growth

SVNLY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, April 13th. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, May 12th. Finally, Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, June 22nd. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.