Societe Generale Group (OTCMKTS:SCGLY) Posts Quarterly Earnings Results, Meets Expectations

Societe Generale Group (OTCMKTS:SCGLY) posted its quarterly earnings data on Thursday. The financial services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47, Zacks reports. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%.

Societe Generale Group Trading Up 1.3%

SCGLY stock traded up $0.18 during midday trading on Thursday, hitting $14.01. The company had a trading volume of 379,428 shares, compared to its average volume of 656,477. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 2.10. Societe Generale Group has a 52 week low of $12.17 and a 52 week high of $19.52. The stock’s 50 day moving average price is $15.83 and its 200 day moving average price is $16.55. The stock has a market cap of $51.79 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 0.36 and a beta of 0.80.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SCGLY. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, September 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. Finally, Keefe, Bruyette & Woods upgraded Societe Generale Group from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. 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’s stock. According to data from MarketBeat, the company currently has an average 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.