Societe Generale Group (OTCMKTS:SCGLY) Issues Earnings Results, Beats Estimates By $0.05 EPS

Societe Generale Group (OTCMKTS:SCGLY) issued its quarterly earnings data on Friday. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05, Zacks reports. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%.

Societe Generale Group Stock Down 1.7%

Shares of SCGLY traded down $0.29 during midday trading on Friday, reaching $17.21. The stock had a trading volume of 299,556 shares, compared to its average volume of 540,144. Societe Generale Group has a 1-year low of $7.29 and a 1-year high of $18.30. The company’s fifty day simple moving average is $16.08 and its two-hundred day simple moving average is $14.05. The company has a market cap of $65.99 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.42 and a beta of 0.78. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Kepler Capital Markets lowered shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods lowered Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Societe Generale Group has a consensus 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.