Societe Generale Group (OTCMKTS:SCGLY) Hits New 52-Week High on Strong Earnings

Key Points

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Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $12.81 and last traded at $12.68, with a volume of 30552 shares. The stock had previously closed at $12.01.

The financial services provider reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $6.58 billion.

Societe Generale Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.1797 per share. This represents a yield of 162.0%. The ex-dividend date of this dividend was Thursday, May 22nd. Societe Generale Group's payout ratio is currently 11.35%.

Analysts Set New Price Targets

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

Societe Generale Group Price Performance

The business has a 50 day moving average price of $11.50 and a two-hundred day moving average price of $9.67. The stock has a market cap of $51.15 billion, a PE ratio of 9.07, a P/E/G ratio of 0.41 and a beta of 1.12. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.32 and a current ratio of 1.32.

About Societe Generale Group

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.