Credit Agricole (OTCMKTS:CRARY) Announces Quarterly Earnings Results

Credit Agricole (OTCMKTS:CRARY) posted its quarterly earnings results on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Zacks reports. Credit Agricole had a net margin of 24.36% and a return on equity of 32.35%. The company had revenue of $8.47 billion during the quarter, compared to analyst estimates of $7.99 billion.

Credit Agricole Stock Performance

Shares of CRARY stock opened at $11.08 on Friday. The stock’s 50-day moving average is $9.93 and its two-hundred day moving average is $10.03. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55. Credit Agricole has a 1 year low of $8.80 and a 1 year high of $11.33. The firm has a market cap of $67.05 billion, a price-to-earnings ratio of 9.89 and a beta of 0.66.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Credit Agricole currently has a consensus rating of “Hold”.

Credit Agricole Company Profile

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.