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

Societe Generale Group (OTCMKTS:SCGLY) is anticipated to post 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 issued its quarterly earnings data on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.71%. The firm had revenue of $7.83 billion for 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 Stock Performance

OTCMKTS:SCGLY opened at $16.66 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The firm has a 50-day moving average price of $16.04 and a two-hundred day moving average price of $15.23. Societe Generale Group has a twelve month low of $9.22 and a twelve month high of $18.30. The company has a market capitalization of $62.62 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 0.55 and a beta of 0.82.

Wall Street Analyst Weigh In

Several research firms have recently commented on SCGLY. The Goldman Sachs Group reiterated a “buy” rating on shares of Societe Generale Group in a research report on Monday, February 16th. Keefe, Bruyette & Woods downgraded Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Kepler Capital Markets lowered Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, February 17th. Finally, Zacks Research downgraded Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Societe Generale Group currently has an average 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.