Credit Agricole (OTCMKTS:CRARY) Posts Earnings Results, Misses Expectations By $0.10 EPS

Credit Agricole (OTCMKTS:CRARY) announced its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.10), Zacks reports. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $7.98 billion. Credit Agricole had a net margin of 27.03% and a return on equity of 37.56%.

Credit Agricole Price Performance

Shares of OTCMKTS:CRARY traded down $0.34 during mid-day trading on Thursday, reaching $10.36. 272,444 shares of the company traded hands, compared to its average volume of 220,271. Credit Agricole has a 52 week low of $7.62 and a 52 week high of $11.11. The firm has a market cap of $62.70 billion, a PE ratio of 7.97 and a beta of 0.65. The company’s 50 day moving average price is $10.22 and its 200-day moving average price is $9.74.

Analysts Set New Price Targets

Several equities analysts have issued reports on CRARY shares. Zacks Research cut shares of Credit Agricole from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Credit Agricole in a research note on Wednesday, January 21st. Finally, Oddo Bhf raised Credit Agricole from a “neutral” rating to an “outperform” rating in a research report on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.