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

Societe Generale Group (OTCMKTS:SCGLY) will likely be issuing 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 announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations 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 Price Performance

OTCMKTS SCGLY opened at $17.16 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40. The company has a market cap of $65.80 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. Societe Generale Group has a 52 week low of $6.23 and a 52 week high of $17.79. The firm’s 50-day simple moving average is $15.56 and its two-hundred day simple moving average is $13.80.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SCGLY shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd. Kepler Capital Markets cut shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, January 21st. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Finally, The Goldman Sachs Group upgraded shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently 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.