Societe Generale Group (OTCMKTS:SCGLY) Releases Earnings Results, Hits Expectations

Key Points

• Societe Generale reported quarterly EPS of $0.47, matching analysts’ consensus estimate. The bank posted a 23.30% net margin and 7.20% return on equity.
• Shares rose $0.18 to $14.01 in Thursday trading, though the stock remained below its 50-day and 200-day moving averages and well below its 52-week high of $19.52.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating based on one Strong Buy, three Buy, and five Hold recommendations.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47, Zacks reports. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%.

Societe Generale Group Stock Performance

OTCMKTS:SCGLY traded up $0.18 during trading hours on Thursday, reaching $14.01. The company had a trading volume of 379,428 shares, compared to its average volume of 656,477. Societe Generale Group has a 1-year low of $12.17 and a 1-year high of $19.52. The firm has a market cap of $51.79 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.36 and a beta of 0.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.20 and a quick ratio of 1.21. The business's 50 day moving average price is $15.83 and its 200-day moving average price is $16.55.

Analysts Set New Price Targets

A number of equities research analysts have commented on SCGLY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. Kepler Capital Markets raised shares of Societe Generale Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 6th. Keefe, Bruyette & Woods upgraded Societe Generale Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, October 13th. The Goldman Sachs Group downgraded Societe Generale Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group founded in 1864. Headquartered in the Paris region, the company serves individual customers, businesses, institutional investors and public-sector organizations through a network spanning France and international markets.

The group's activities include French retail banking, international retail banking and financial services, and global banking and investor solutions. Its offerings include deposit and lending products, payment services, insurance, consumer finance, vehicle leasing, private banking, corporate and investment banking, securities services, and asset management.

Societe Generale operates through established brands and subsidiaries in areas such as retail banking, mobility services and equipment finance.

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