Societe Generale Group (OTCMKTS:SCGLY) Releases Quarterly Earnings Results

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

Societe Generale Group Trading Up 1.2%

SCGLY traded up $0.17 during midday trading on Thursday, reaching $14.00. 423,648 shares of the company’s stock traded hands, compared to its average volume of 656,687. The stock has a market capitalization of $51.75 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 0.36 and a beta of 0.80. The firm has a fifty day moving average of $15.83 and a two-hundred day moving average of $16.55. Societe Generale Group has a 52 week low of $12.17 and a 52 week high of $19.52. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.20 and a quick ratio of 1.21.

Wall Street Analyst Weigh In

SCGLY has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered Societe Generale Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 2nd. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, September 22nd. Keefe, Bruyette & Woods raised Societe Generale Group from a “moderate sell” rating to a “hold” rating in a report on Tuesday, October 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research report on Tuesday, September 22nd. 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, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.