Societe Generale Group (OTCMKTS:SCGLY) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

by · The Cerbat Gem

Societe Generale Group (OTCMKTS:SCGLY – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11, Zacks reports. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.03 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.29%.

Societe Generale Group Stock Performance

Shares of SCGLY stock opened at $18.73 on Friday. The firm has a market capitalization of $69.71 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.62 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The stock has a fifty day moving average of $17.18 and a 200 day moving average of $16.59. Societe Generale Group has a 52 week low of $11.89 and a 52 week high of $18.87.

Analyst Upgrades and Downgrades

SCGLY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. Finally, Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

View Our Latest Research Report on Societe Generale Group

Societe Generale Group Company Profile

(Get Free Report)

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.

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