Credit Agricole (CRARY) Projected to Post Quarterly Earnings on Thursday

Credit Agricole (OTCMKTS:CRARY) will likely be posting its resultson Thursday, July 30th. Analysts expect Credit Agricole to announce earnings of $0.35 per share and revenue of $8.0378 billion for the quarter.

Credit Agricole (OTCMKTS:CRARY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Credit Agricole had a net margin of 24.36% and a return on equity of 24.26%. The firm had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.25 billion. On average, analysts expect Credit Agricole to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Credit Agricole Trading Up 0.6%

Shares of CRARY stock opened at $10.34 on Thursday. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a fifty day moving average of $9.81 and a 200-day moving average of $10.02. Credit Agricole has a 52-week low of $8.80 and a 52-week high of $11.33. The stock has a market cap of $62.58 billion, a price-to-earnings ratio of 8.62 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.