Analysts Offer Predictions for Societe Generale SA’s FY2018 Earnings (SCGLY)

Societe Generale SA (OTCMKTS:SCGLY) – Investment analysts at Jefferies Group lifted their FY2018 earnings per share estimates for shares of Societe Generale in a research report issued on Wednesday. Jefferies Group analyst M. Timat now expects that the financial services provider will earn $1.28 per share for the year, up from their previous estimate of $1.27. Jefferies Group also issued estimates for Societe Generale’s FY2019 earnings at $1.47 EPS and FY2020 earnings at $1.68 EPS.

Societe Generale (OTCMKTS:SCGLY) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.29 EPS for the quarter. Societe Generale had a return on equity of 4.83% and a net margin of 13.02%.

Several other analysts have also weighed in on SCGLY. JPMorgan Chase & Co. lowered Societe Generale to a “hold” rating in a report on Thursday. Zacks Investment Research raised Societe Generale from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a report on Wednesday. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Societe Generale in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.00.

Societe Generale (OTCMKTS SCGLY) traded up $0.16 during trading hours on Thursday, hitting $11.19. The company had a trading volume of 311,767 shares, compared to its average volume of 120,974. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.40 and a current ratio of 1.40. Societe Generale has a fifty-two week low of $8.56 and a fifty-two week high of $12.05. The firm has a market capitalization of $45,283.75, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.11 and a beta of 1.26.

TRADEMARK VIOLATION WARNING: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.com-unik.info/2018/01/19/analysts-offer-predictions-for-societe-generale-sas-fy2018-earnings-scgly.html.

About Societe Generale

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

Receive News & Ratings for Societe Generale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Societe Generale and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit