Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Issues Earnings Results, Beats Expectations By $0.10 EPS

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) posted its earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10, Zacks reports. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.53 billion. Svenska Handelsbanken Ab Publ had a return on equity of 12.80% and a net margin of 15.97%.

Svenska Handelsbanken Ab Publ Stock Performance

OTCMKTS SVNLY traded down $0.39 during trading hours on Thursday, hitting $7.73. The company’s stock had a trading volume of 89,750 shares, compared to its average volume of 122,095. The company has a market cap of $30.63 billion, a P/E ratio of 12.68 and a beta of 0.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 2.10. The company’s 50 day simple moving average is $7.35 and its two-hundred day simple moving average is $6.75. Svenska Handelsbanken Ab Publ has a 12 month low of $4.93 and a 12 month high of $8.26.

Analysts Set New Price Targets

A number of research firms recently weighed in on SVNLY. Citigroup reaffirmed a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Friday, January 9th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock 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.