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

Societe Generale Group (OTCMKTS:SCGLY) is projected to announce its results before the market opens on Thursday, February 5th. Analysts expect the company to announce earnings of $0.32 per share for the quarter.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.54 billion. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%. On average, analysts expect Societe Generale Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Societe Generale Group Trading Down 1.7%

Shares of OTCMKTS:SCGLY opened at $17.16 on Thursday. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. Societe Generale Group has a 1 year low of $6.23 and a 1 year high of $17.79. The company has a market cap of $65.80 billion, a P/E ratio of 11.44, a PEG ratio of 0.41 and a beta of 0.80. The stock’s fifty day moving average price is $15.56 and its 200-day moving average price is $13.80.

Analysts Set New Price Targets

SCGLY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Kepler Capital Markets lowered shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Societe Generale Group

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.