Societe Generale Group (OTCMKTS:SCGLY) Issues Quarterly Earnings Results

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 business had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $6.58 billion. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%.

Societe Generale Group Stock Performance

Shares of OTCMKTS:SCGLY traded up $0.04 during trading on Tuesday, hitting $12.81. The stock had a trading volume of 122,333 shares, compared to its average volume of 581,624. Societe Generale Group has a 12-month low of $4.30 and a 12-month high of $12.99. The stock has a market capitalization of $49.80 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.41 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.32. The stock has a 50-day simple moving average of $11.54 and a two-hundred day simple moving average of $9.72.

Societe Generale Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were paid a $0.1797 dividend. This represents a dividend yield of 162.0%. The ex-dividend date was Thursday, May 22nd. Societe Generale Group's dividend payout ratio (DPR) is presently 11.35%.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Societe Generale Group from a "neutral" rating to a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Societe Generale Group 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.