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

Societe Generale Group (OTCMKTS:SCGLY) posted its quarterly earnings data on Thursday. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11, Zacks reports. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%.

Societe Generale Group Stock Performance

SCGLY stock opened at $18.70 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. Societe Generale Group has a 1-year low of $11.89 and a 1-year high of $18.87. The business has a 50-day moving average price of $17.12 and a 200 day moving average price of $16.57. The company has a market capitalization of $69.60 billion, a P/E ratio of 10.39, a PEG ratio of 0.58 and a beta of 0.80.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SCGLY. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Kepler Capital Markets upgraded Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research 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, Societe Generale Group has a consensus 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.