Credit Agricole (OTCMKTS:CRARY) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Credit Agricole (OTCMKTS:CRARY) posted its quarterly earnings data on Friday. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06, Zacks reports. The company had revenue of $7.92 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Credit Agricole had a return on equity of 31.64% and a net margin of 23.39%.

Credit Agricole Price Performance

Shares of OTCMKTS CRARY opened at $8.32 on Friday. The company has a 50 day simple moving average of $9.81 and a 200 day simple moving average of $10.07. The firm has a market cap of $50.35 billion, a PE ratio of 7.60 and a beta of 0.64. Credit Agricole has a 1 year low of $8.19 and a 1 year high of $11.66.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Credit Agricole

Credit Agricole SA is a French banking group that provides retail, corporate and investment banking, insurance, asset management, consumer finance and specialized financial services. Through its networks and subsidiaries, the group serves individuals, businesses, institutional investors, farmers and public-sector organizations.

Its principal activities include retail banking in France and selected international markets; savings, life and property insurance; wealth and asset management; corporate and investment banking; consumer lending; leasing and factoring; payments; and financing for the agricultural and food sectors.