Societe Generale Group (SCGLY) Projected to Release Quarterly Earnings on Thursday

Societe Generale Group (OTCMKTS:SCGLY) is projected to release its results before the market opens on Thursday, October 29th. Analysts expect Societe Generale Group to post earnings of $0.47 per share and revenue of $7.73 billion for the quarter.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.03 billion. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%. On average, analysts expect Societe Generale Group to post $1.82 EPS for the current fiscal year and $2.07 EPS for the next fiscal year.

Societe Generale Group Stock Performance

Shares of OTCMKTS SCGLY opened at $13.98 on Thursday. The firm has a market capitalization of $51.67 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 0.38 and a beta of 0.80. Societe Generale Group has a one year low of $12.17 and a one year high of $19.52. The business has a fifty day simple moving average of $16.33 and a 200 day simple moving average of $16.76. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 2.10.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, September 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a report on Wednesday, September 2nd. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. Finally, The Goldman Sachs Group lowered shares of Societe Generale Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Societe Generale Group presently has an average rating of “Moderate Buy”.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group founded in 1864. Headquartered in the Paris region, the company serves individual customers, businesses, institutional investors and public-sector organizations through a network spanning France and international markets.

The group’s activities include French retail banking, international retail banking and financial services, and global banking and investor solutions. Its offerings include deposit and lending products, payment services, insurance, consumer finance, vehicle leasing, private banking, corporate and investment banking, securities services, and asset management.

Societe Generale operates through established brands and subsidiaries in areas such as retail banking, mobility services and equipment finance.