Societe Generale Group (SCGLY) Expected to Announce Earnings on Wednesday

Societe Generale Group (OTCMKTS:SCGLY) is expected to be posting its results before the market opens on Wednesday, April 29th. Analysts expect Societe Generale Group to post earnings of $0.43 per share and revenue of $8.3605 billion for the quarter.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Societe Generale Group had a return on equity of 6.71% and a net margin of 22.01%.The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.77 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 Price Performance

Shares of OTCMKTS:SCGLY opened at $16.31 on Monday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $16.02 and a two-hundred day moving average of $15.31. The stock has a market capitalization of $61.30 billion, a P/E ratio of 9.59, a P/E/G ratio of 0.52 and a beta of 0.82. Societe Generale Group has a fifty-two week low of $9.65 and a fifty-two week high of $18.30.

Analyst Ratings Changes

SCGLY has been the topic of several research reports. Kepler Capital Markets lowered Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. The Goldman Sachs Group restated a “buy” rating on shares of Societe Generale Group in a research report on Monday, February 16th. Finally, Keefe, Bruyette & Woods lowered shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock 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.