Societe Generale Group (SCGLY) to Announce Quarterly Earnings on Thursday

Societe Generale Group (OTCMKTS:SCGLY) is projected to post its results before the market opens on Thursday, July 30th. Analysts expect the company to post earnings of $0.39 per share and revenue of $8.03 billion for the quarter.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The business had revenue of $8.32 billion during the quarter, compared to analyst estimates of $8.29 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 $17.78 on Tuesday. The company has a market capitalization of $66.18 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.58 and a beta of 0.80. The business has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $16.54. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. Societe Generale Group has a 1 year low of $11.78 and a 1 year high of $18.30.

Analyst Upgrades and Downgrades

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

Societe Generale Group Company Profile

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.