Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) issued its earnings results on Wednesday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10, Zacks reports. Svenska Handelsbanken Ab Publ had a return on equity of 14.42% and a net margin of 16.69%.The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion.

Svenska Handelsbanken Ab Publ Stock Performance

SVNLY opened at $7.73 on Friday. The stock has a fifty day moving average of $7.37 and a 200-day moving average of $6.76. Svenska Handelsbanken Ab Publ has a fifty-two week low of $4.93 and a fifty-two week high of $8.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.10 and a quick ratio of 2.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SVNLY shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Friday, January 9th. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, October 14th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average 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.