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

Societe Generale Group (OTCMKTS:SCGLY) announced its quarterly earnings data on Thursday. The financial services provider reported $0.50 EPS for the quarter, beating 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 Trading Up 6.9%

Shares of Societe Generale Group stock traded up $1.21 on Thursday, hitting $18.70. 420,440 shares of the company’s stock traded hands, compared to its average volume of 677,465. The company has a market capitalization of $69.60 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. Societe Generale Group has a one year low of $11.89 and a one year high of $18.87. The company has a fifty day moving average of $17.07 and a two-hundred day moving average of $16.56. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SCGLY. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Monday, July 20th. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Finally, Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.