Credit Agricole (OTCMKTS:CRARY) Issues Earnings Results, Beats Estimates By $0.06 EPS

Credit Agricole (OTCMKTS:CRARY) announced its quarterly earnings results on Friday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06, Zacks reports. Credit Agricole had a return on equity of 31.64% and a net margin of 23.39%.

Credit Agricole Stock Performance

Shares of CRARY stock traded down $0.20 during mid-day trading on Friday, hitting $8.31. 392,524 shares of the stock were exchanged, compared to its average volume of 237,282. The stock’s fifty day simple moving average is $9.87 and its two-hundred day simple moving average is $10.08. Credit Agricole has a 12-month low of $8.19 and a 12-month high of $11.66. The stock has a market capitalization of $50.29 billion, a price-to-earnings ratio of 7.42 and a beta of 0.64.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a report on Wednesday, July 15th. One 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 company currently has a consensus rating of “Hold”.

About Credit Agricole

Credit Agricole SA is a French banking group that provides retail, corporate and investment banking, insurance, asset management, consumer finance and specialized financial services. Through its networks and subsidiaries, the group serves individuals, businesses, institutional investors, farmers and public-sector organizations.

Its principal activities include retail banking in France and selected international markets; savings, life and property insurance; wealth and asset management; corporate and investment banking; consumer lending; leasing and factoring; payments; and financing for the agricultural and food sectors.