Standard Chartered (SCBFF) to Announce Earnings on Wednesday

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

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%. 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

Shares of OTCMKTS SCBFF opened at $28.01 on Monday. The company has a market capitalization of $63.69 billion, a price-to-earnings ratio of 13.66 and a beta of 0.69. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $26.73 and a two-hundred day moving average of $24.69. Standard Chartered has a 1 year low of $17.39 and a 1 year high of $29.12.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SCBFF shares. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Thursday, July 16th. Deutsche Bank Aktiengesellschaft raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Finally, BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from 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.