Societe Generale Group (SCGLY) Expected to Announce Earnings on Thursday

Societe Generale Group (OTCMKTS:SCGLY) is expected to be posting its quarterly earnings results before the market opens on Thursday, August 7th. Analysts expect Societe Generale Group to post earnings of $0.33 per share for the quarter.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Societe Generale Group had a net margin of 18.10% and a return on equity of 5.57%. The firm had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.02 billion. On average, analysts expect Societe Generale Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Societe Generale Group Stock Performance

SCGLY opened at $12.01 on Thursday. The firm has a fifty day moving average price of $11.42 and a 200 day moving average price of $9.53. Societe Generale Group has a 1 year low of $4.30 and a 1 year high of $12.29. The stock has a market cap of $48.06 billion, a P/E ratio of 9.31, a P/E/G ratio of 0.38 and a beta of 1.06. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.32 and a quick ratio of 1.32.

Societe Generale Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were issued a $0.1797 dividend. The ex-dividend date was Thursday, May 22nd. This represents a yield of 1.62%. Societe Generale Group’s payout ratio is 12.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SCGLY shares. UBS Group lowered shares of Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Kepler Capital Markets lowered Societe Generale Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.