Skandinaviska (SVKEF) Expected to Announce Earnings on Wednesday

Skandinaviska (OTCMKTS:SVKEF) is anticipated to release its results before the market opens on Wednesday, April 29th. Analysts expect Skandinaviska to post earnings of $0.4066 per share and revenue of $2.0072 billion for the quarter.

Skandinaviska Price Performance

Shares of SVKEF stock opened at $20.32 on Monday. The firm’s 50 day moving average price is $20.37 and its two-hundred day moving average price is $20.22. The stock has a market cap of $41.39 billion, a PE ratio of 11.61 and a beta of 0.52. Skandinaviska has a 52-week low of $14.75 and a 52-week high of $22.53. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.45 and a current ratio of 1.45.

Analyst Ratings Changes

A number of brokerages recently commented on SVKEF. Jefferies Financial Group restated a “hold” rating on shares of Skandinaviska in a report on Wednesday, April 8th. Barclays cut shares of Skandinaviska from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Skandinaviska in a research note on Monday, April 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Skandinaviska in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About Skandinaviska

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.