Societe Generale Group (OTCMKTS:SCGLY) Releases Earnings Results

Societe Generale Group (OTCMKTS:SCGLY) announced its quarterly earnings results on Thursday. The financial services provider reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47, Zacks reports. The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.73 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%.

Societe Generale Group Stock Performance

SCGLY traded down $0.44 during trading on Friday, reaching $13.49. 51,177 shares of the company were exchanged, compared to its average volume of 656,300. Societe Generale Group has a 52 week low of $12.41 and a 52 week high of $19.52. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 2.10. The firm has a 50 day moving average of $15.75 and a 200 day moving average of $16.54. The stock has a market cap of $49.86 billion, a P/E ratio of 6.95, a PEG ratio of 0.38 and a beta of 0.80.

Analyst Ratings Changes

Several research firms have recently issued reports on SCGLY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. The Goldman Sachs Group downgraded shares of Societe Generale Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 2nd. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods upgraded Societe Generale Group from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Societe Generale Group 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.