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

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

Swedbank AB (publ) Stock Performance

Shares of SWDBY stock opened at SEK 20.21 on Friday. Swedbank AB has a 12 month low of SEK 15.80 and a 12 month high of SEK 22.84. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 4.52. The business’s 50-day moving average price is SEK 20.80 and its 200-day moving average price is SEK 20.47. The firm has a market capitalization of $22.88 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 0.70 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Swedbank AB (publ) to a “hold” rating in a research note 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.