SBI (OTCMKTS:SBHGF – Get Free Report) posted its earnings results on Thursday. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $0.65 by $0.69, Zacks reports. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.21 billion.
SBI Stock Up 4.6%
OTCMKTS:SBHGF traded up $0.80 during mid-day trading on Friday, hitting $18.35. 1,018 shares of the stock traded hands, compared to its average volume of 9,526. The business’s 50-day moving average price is $17.51 and its 200 day moving average price is $19.42. The company has a market cap of $6.06 billion, a PE ratio of 3.16 and a beta of 0.79. SBI has a 12-month low of $15.01 and a 12-month high of $25.72.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of SBI to a “hold” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
About SBI
SBI Holdings, Inc is a Japan-based financial services conglomerate that traces its origins to the establishment of SoftBank Investment in 1999. The company was rebranded as SBI Holdings in 2005 following its separation from SoftBank Group. Since its inception, SBI has pursued a diversified strategy aimed at integrating traditional financial services with emerging fintech innovations.
The group’s core activities encompass online securities brokerage, retail and corporate banking, asset management, insurance services and venture capital investments.
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