Societe Generale Group (OTCMKTS:SCGLY) Announces Earnings Results, Beats Expectations By $0.05 EPS

Societe Generale Group (OTCMKTS:SCGLY) posted its earnings results on Friday. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05, Zacks reports. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%.

Societe Generale Group Stock Down 1.1%

Shares of SCGLY opened at $17.30 on Friday. Societe Generale Group has a 1 year low of $7.29 and a 1 year high of $18.30. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $14.08. The firm has a market cap of $66.34 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.41 and a beta of 0.78.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods downgraded Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, January 21st. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to 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.