Societe Generale Group (OTCMKTS:SCGLY) Announces Earnings Results

Societe Generale Group (OTCMKTS:SCGLY) released its earnings results on Thursday. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03, Zacks reports. Societe Generale Group had a return on equity of 6.71% and a net margin of 22.01%.The company had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $8.29 billion.

Societe Generale Group Trading Down 2.9%

OTCMKTS:SCGLY opened at $16.04 on Friday. The company has a market capitalization of $60.29 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.53 and a beta of 0.82. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. Societe Generale Group has a 52-week low of $10.28 and a 52-week high of $18.30. The stock has a fifty day simple moving average of $15.99 and a 200-day simple moving average of $15.37.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a report on Monday, February 9th. Zacks Research downgraded Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Keefe, Bruyette & Woods downgraded Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Societe Generale Group currently has an average rating of “Moderate Buy”.

Societe Generale Group Company Profile

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.