Credit Agricole (CRARY) Expected to Release Quarterly Earnings on Thursday

Credit Agricole (OTCMKTS:CRARY) is expected to be announcing its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.35 per share and revenue of $8.0378 billion for the quarter.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.25 billion. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. On average, analysts expect Credit Agricole to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Credit Agricole Price Performance

Shares of Credit Agricole stock opened at $10.34 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.79. The stock has a market capitalization of $62.58 billion, a price-to-earnings ratio of 8.62 and a beta of 0.66. Credit Agricole has a 1-year low of $8.80 and a 1-year high of $11.33. The firm’s 50-day moving average price is $9.81 and its two-hundred day moving average price is $10.02.

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 equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.