Société Générale Société anonyme Expected to Post FY2022 Earnings of $0.90 Per Share (OTCMKTS:SCGLY)

Société Générale Société anonyme (OTCMKTS:SCGLYGet Rating) – Analysts at Jefferies Financial Group dropped their FY2022 earnings estimates for Société Générale Société anonyme in a report issued on Monday, July 25th. Jefferies Financial Group analyst F. Bocahut now expects that the financial services provider will post earnings of $0.90 per share for the year, down from their previous forecast of $0.92. Jefferies Financial Group has a “Buy” rating on the stock. The consensus estimate for Société Générale Société anonyme’s current full-year earnings is $0.85 per share. Jefferies Financial Group also issued estimates for Société Générale Société anonyme’s FY2023 earnings at $0.85 EPS and FY2024 earnings at $1.19 EPS.

Société Générale Société anonyme (OTCMKTS:SCGLYGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.18. Société Générale Société anonyme had a net margin of 21.27% and a return on equity of 7.18%. The firm had revenue of $8.17 billion for the quarter, compared to analyst estimates of $6.81 billion.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of Société Générale Société anonyme from €29.00 ($29.59) to €32.00 ($32.65) and gave the stock a “sector perform” rating in a research report on Wednesday, May 25th. The Goldman Sachs Group began coverage on shares of Société Générale Société anonyme in a report on Tuesday, May 31st. They set a “neutral” rating and a €35.00 ($35.71) price objective for the company. UBS Group raised shares of Société Générale Société anonyme from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $34.70 to $31.00 in a research note on Wednesday, June 1st. Credit Suisse Group boosted their price objective on shares of Société Générale Société anonyme from €36.00 ($36.73) to €38.00 ($38.78) and gave the company an “outperform” rating in a research report on Tuesday, April 12th. Finally, Keefe, Bruyette & Woods upgraded shares of Société Générale Société anonyme from a “market perform” rating to an “outperform” rating and set a €32.50 ($33.16) price objective on the stock in a research report on Thursday, May 19th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.66.

Société Générale Société anonyme Price Performance

Shares of OTCMKTS SCGLY opened at $4.30 on Wednesday. Société Générale Société anonyme has a fifty-two week low of $3.77 and a fifty-two week high of $8.51. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 3.01 and a beta of 1.53. The company has a debt-to-equity ratio of 4.27, a quick ratio of 1.48 and a current ratio of 1.48. The firm’s 50-day simple moving average is $4.72 and its 200 day simple moving average is $5.55.

Société Générale Société anonyme Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, June 13th. Investors of record on Tuesday, May 24th were given a dividend of $0.2694 per share. This represents a dividend yield of 5.39%. The ex-dividend date was Monday, May 23rd. Société Générale Société anonyme’s dividend payout ratio is currently 19.58%.

Société Générale Société anonyme Company Profile

(Get Rating)

Société Générale Société anonyme provides financial services to individual, business, and institutional investors in Europe and internationally. It offers retail banking services under the Societe Generale, Credit du Nord, and Boursorama brand names; and insurance, investor, and other financial services.

Featured Articles

Earnings History and Estimates for Société Générale Société anonyme (OTCMKTS:SCGLY)

Receive News & Ratings for Société Générale Société anonyme Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Société Générale Société anonyme and related companies with MarketBeat.com's FREE daily email newsletter.