Societe Generale Group (OTCMKTS:SCGLY) Posts Earnings Results, Beats Expectations By $0.03 EPS

Societe Generale Group (OTCMKTS:SCGLY) released its quarterly earnings results on Thursday. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03, Zacks reports. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The business had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion.

Societe Generale Group Price Performance

Shares of SCGLY stock traded up $0.16 during mid-day trading on Friday, reaching $16.20. The stock had a trading volume of 197,794 shares, compared to its average volume of 323,590. Societe Generale Group has a 12-month low of $10.28 and a 12-month high of $18.30. The company has a market cap of $60.89 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.52 and a beta of 0.80. The business has a 50-day simple moving average of $15.99 and a 200 day simple moving average of $15.37. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Kepler Capital Markets cut shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Zacks Research cut shares of Societe Generale Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a report on Monday, February 9th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.