Credit Agricole (CRARY) Expected to Announce Quarterly Earnings on Wednesday

Credit Agricole (OTCMKTS:CRARY) is projected to post its results before the market opens on Wednesday, February 4th. Analysts expect Credit Agricole to post earnings of $0.28 per share for the quarter.

Credit Agricole (OTCMKTS:CRARY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. Credit Agricole had a return on equity of 37.56% and a net margin of 27.03%.

Credit Agricole Trading Up 4.0%

Shares of CRARY stock opened at $10.92 on Wednesday. The firm has a market capitalization of $66.09 billion, a P/E ratio of 8.40 and a beta of 0.67. Credit Agricole has a 1 year low of $7.26 and a 1 year high of $10.94. The firm’s fifty day simple moving average is $10.03 and its 200 day simple moving average is $9.67.

Analyst Ratings Changes

A number of analysts have weighed in on CRARY shares. Oddo Bhf upgraded Credit Agricole from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Credit Agricole in a report on Wednesday, January 21st. Zacks Research downgraded shares of Credit Agricole from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Credit Agricole in a research note on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Credit Agricole presently has a consensus rating of “Moderate Buy”.

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.