Swedbank AB (publ) (OTCMKTS:SWDBY) Posts Earnings Results, Beats Estimates By $0.12 EPS

Swedbank AB (publ) (OTCMKTS:SWDBY) issued its quarterly earnings data on Wednesday. The financial services provider reported SEK 0.80 earnings per share for the quarter, beating analysts’ consensus estimates of SEK 0.68 by SEK 0.12, Yahoo Finance reports. The firm had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a return on equity of 17.66% and a net margin of 25.41%.

Swedbank AB (publ) Trading Down 2.1 %

Shares of OTCMKTS:SWDBY traded down SEK 0.43 during trading hours on Friday, hitting SEK 20.19. 12,200 shares of the company’s stock traded hands, compared to its average volume of 15,351. Swedbank AB has a 1 year low of SEK 15.80 and a 1 year high of SEK 22.84. The business has a fifty day moving average price of SEK 20.80 and a 200-day moving average price of SEK 20.47. The firm has a market capitalization of $22.86 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.53 and a quick ratio of 1.53.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Swedbank AB (publ) to a “hold” rating in a research report on Friday, September 27th.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.