Standard Chartered (OTCMKTS:SCBFF) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Standard Chartered (OTCMKTS:SCBFF) posted its earnings results on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09, Zacks reports. Standard Chartered had a return on equity of 10.97% and a net margin of 13.79%.The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.59 billion.

Standard Chartered Price Performance

Shares of OTCMKTS SCBFF opened at $29.02 on Friday. The stock’s 50-day moving average is $26.96 and its two-hundred day moving average is $24.80. 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 company has a market cap of $65.99 billion, a price-to-earnings ratio of 13.82 and a beta of 0.69. Standard Chartered has a 1-year low of $17.39 and a 1-year high of $30.00.

Analyst Ratings Changes

SCBFF has been the subject of a number of recent analyst reports. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th. UBS Group downgraded shares of Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, BNP Paribas Exane raised 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Standard Chartered has a consensus rating of “Moderate Buy”.

Standard Chartered Company Profile

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.