Jefferies Financial Group Analysts Decrease Earnings Estimates for Societe Generale SA (SCGLY)
Societe Generale SA (OTCMKTS:SCGLY) – Research analysts at Jefferies Financial Group cut their FY2019 earnings per share (EPS) estimates for shares of Societe Generale in a research report issued on Tuesday, January 22nd. Jefferies Financial Group analyst M. Timat now forecasts that the financial services provider will post earnings of $0.94 per share for the year, down from their previous forecast of $1.13. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Societe Generale’s FY2020 earnings at $1.06 EPS.
Societe Generale (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, November 8th. The financial services provider reported $0.33 EPS for the quarter. Societe Generale had a net margin of 12.93% and a return on equity of 6.91%. The firm had revenue of $7.59 billion during the quarter.
Shares of SCGLY opened at $6.27 on Wednesday. The stock has a market cap of $26.26 billion, a price-to-earnings ratio of 5.50 and a beta of 1.18. Societe Generale has a 12-month low of $6.12 and a 12-month high of $11.75.
About Societe Generale
Société Générale Société anonyme provides financial services in Europe and internationally. Its primary businesses include French retail banking; international retail banking, insurance, and financial services; and global banking and investor solutions. The company offers retail banking services to individual customers, professionals, and businesses and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama Banque brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.
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