Credit Agricole (OTCMKTS:CRARY) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Credit Agricole (OTCMKTS:CRARY) announced its earnings results on Friday. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06, Zacks reports. Credit Agricole had a return on equity of 31.64% and a net margin of 23.39%.

Credit Agricole Trading Down 2.2%

Shares of CRARY stock traded down $0.19 during trading on Friday, reaching $8.32. 392,524 shares of the company’s stock traded hands, compared to its average volume of 237,282. The company has a market capitalization of $50.35 billion, a P/E ratio of 7.43 and a beta of 0.64. Credit Agricole has a 1 year low of $8.19 and a 1 year high of $11.66. The firm’s 50-day moving average is $9.87 and its 200 day moving average is $10.08.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Credit Agricole Company Profile

Credit Agricole SA is a French banking group that provides retail, corporate and investment banking, insurance, asset management, consumer finance and specialized financial services. Through its networks and subsidiaries, the group serves individuals, businesses, institutional investors, farmers and public-sector organizations.

Its principal activities include retail banking in France and selected international markets; savings, life and property insurance; wealth and asset management; corporate and investment banking; consumer lending; leasing and factoring; payments; and financing for the agricultural and food sectors.