Credit Agricole (CRARY) to Release Earnings on Thursday

Credit Agricole (OTCMKTS:CRARY) will likely be issuing its resultson Thursday, July 30th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $8.0305 billion for the quarter.

Credit Agricole (OTCMKTS:CRARY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.25 billion. Credit Agricole had a return on equity of 32.35% and a net margin of 24.36%. On average, analysts expect Credit Agricole to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Credit Agricole Stock Performance

OTCMKTS CRARY opened at $10.61 on Wednesday. Credit Agricole has a fifty-two week low of $8.80 and a fifty-two week high of $11.33. The firm has a market capitalization of $64.19 billion, a P/E ratio of 8.84 and a beta of 0.66. The stock’s fifty day moving average is $9.87 and its two-hundred day moving average is $10.02. The company has a debt-to-equity ratio of 5.79, a quick ratio of 1.55 and a current ratio of 1.55.

Analysts Set New Price Targets

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

About Credit Agricole

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.