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

Societe Generale Group (OTCMKTS:SCGLY) will likely be announcing its results before the market opens on Thursday, July 30th. Analysts expect Societe Generale Group to post earnings of $0.39 per share and revenue of $8.03 billion for the quarter.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The company had revenue of $8.32 billion during the quarter, compared to analyst estimates of $8.29 billion. On average, analysts expect Societe Generale Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Societe Generale Group Trading Up 0.9%

Shares of SCGLY opened at $17.80 on Thursday. The firm has a market capitalization of $66.25 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.59 and a beta of 0.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. Societe Generale Group has a 1-year low of $11.65 and a 1-year high of $18.30. The company has a 50-day moving average of $16.88 and a 200 day moving average of $16.52.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SCGLY. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, July 15th. Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Societe Generale upgraded Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Societe Generale Group 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.