Societe Generale Group (OTCMKTS:SCGLY) Announces Earnings Results

Societe Generale Group (OTCMKTS:SCGLY) posted its earnings results on Thursday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47, Zacks reports. The firm had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.73 billion. Societe Generale Group had a net margin of 24.17% and a return on equity of 7.57%.

Societe Generale Group Stock Performance

OTCMKTS SCGLY traded down $0.31 on Friday, hitting $13.62. 648,932 shares of the stock traded hands, compared to its average volume of 901,821. The business’s fifty day moving average is $15.67 and its two-hundred day moving average is $16.53. Societe Generale Group has a 12 month low of $12.41 and a 12 month high of $19.52. The firm has a market capitalization of $50.34 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.38 and a beta of 0.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.21 and a current ratio of 1.20.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. The Goldman Sachs Group lowered Societe Generale Group from a “buy” rating to a “neutral” rating in a report on Wednesday, September 2nd. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Societe Generale Group

Societe Generale Group is a France-based international banking group founded in 1864. Headquartered in the Paris region, the company serves individual customers, businesses, institutional investors and public-sector organizations through a network spanning France and international markets.

The group’s activities include French retail banking, international retail banking and financial services, and global banking and investor solutions. Its offerings include deposit and lending products, payment services, insurance, consumer finance, vehicle leasing, private banking, corporate and investment banking, securities services, and asset management.

Societe Generale operates through established brands and subsidiaries in areas such as retail banking, mobility services and equipment finance.