Societe Generale Group (OTCMKTS:SCGLY) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Key Points

• Societe Generale Group reported earnings of $0.36 per share, exceeding the consensus estimate of $0.32 by $0.04, with quarterly revenue reaching $7.71 billion versus the expected $6.58 billion.
• The company's dividend payout ratio is 12.40%, with a recent dividend payment of $0.1797 yielding 162.0% for investors of record.
• UBS Group downgraded Societe Generale's stock from a "strong-buy" to a "hold" rating, while the stock has an average rating of "Moderate Buy" from six analysts.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04, Zacks reports. The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $6.58 billion. Societe Generale Group had a net margin of 18.10% and a return on equity of 5.57%.

Societe Generale Group Price Performance

Shares of OTCMKTS SCGLY traded down $0.19 during midday trading on Friday, reaching $12.60. 308,389 shares of the company were exchanged, compared to its average volume of 585,752. The stock's 50-day moving average price is $11.46 and its 200-day moving average price is $9.58. The stock has a market cap of $50.42 billion, a P/E ratio of 9.77, a PEG ratio of 0.38 and a beta of 1.06. Societe Generale Group has a one year low of $4.30 and a one year high of $12.83. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.32.

Societe Generale Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were paid a $0.1797 dividend. This represents a yield of 162.0%. The ex-dividend date of this dividend was Thursday, May 22nd. Societe Generale Group's dividend payout ratio (DPR) is 12.40%.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Societe Generale Group currently has an average rating of "Moderate Buy".

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.

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