Societe Generale Group (OTCMKTS:SCGLY) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Societe Generale Group (OTCMKTS:SCGLY) announced its quarterly earnings results on Thursday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11, Zacks reports. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.

Societe Generale Group Stock Up 6.9%

OTCMKTS:SCGLY traded up $1.21 during midday trading on Thursday, reaching $18.70. 420,440 shares of the stock traded hands, compared to its average volume of 678,585. The stock has a market capitalization of $69.60 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. Societe Generale Group has a 12-month low of $11.89 and a 12-month high of $18.87. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50-day moving average of $17.07 and a two-hundred day moving average of $16.56.

Analyst Ratings Changes

Several research analysts have commented on SCGLY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Kepler Capital Markets upgraded Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Monday, July 20th. Finally, Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Societe Generale Group

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.