Standard Chartered (SCBFF) Expected 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 post earnings of $0.69 per share and revenue of $5.6095 billion for the quarter.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The company had revenue of $5.90 billion during the quarter, compared to analyst estimates 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 Trading Up 1.6%

Shares of OTCMKTS SCBFF opened at $27.95 on Wednesday. Standard Chartered has a 1-year low of $17.39 and a 1-year high of $29.12. 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’s 50 day moving average is $26.57 and its two-hundred day moving average is $24.62. The stock has a market capitalization of $63.54 billion, a P/E ratio of 13.63 and a beta of 0.69.

Wall Street Analyst Weigh In

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