Societe Generale Group (SCGLY) Set to Announce Earnings on Thursday

Societe Generale Group (OTCMKTS:SCGLY) will likely be announcing its results before the market opens on Thursday, October 29th. Analysts expect the company to post earnings of $0.47 per share and revenue of $7.73 billion for the quarter.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.03 billion. On average, analysts expect Societe Generale Group to post $1.82 EPS for the current fiscal year and $2.07 EPS for the next fiscal year.

Societe Generale Group Stock Performance

OTCMKTS:SCGLY opened at $13.49 on Tuesday. The firm’s fifty day moving average price is $16.14 and its 200 day moving average price is $16.59. Societe Generale Group has a 1-year low of $12.17 and a 1-year 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. The firm has a market cap of $49.86 billion, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 0.36 and a beta of 0.80.

Wall Street Analyst Weigh In

SCGLY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a report on Wednesday, September 2nd. Zacks Research upgraded shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Societe Generale Group Company Profile

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.