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.

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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.

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