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.

SCGLY has been the subject of a number of other research reports. ValuEngine upgraded shares of Societe Generale from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Keefe, Bruyette & Woods restated a “sell” rating on shares of Societe Generale in a research report on Monday, November 19th. Goldman Sachs Group restated a “hold” rating on shares of Societe Generale in a research report on Saturday, November 17th. Credit Suisse Group restated a “sell” rating on shares of Societe Generale in a research report on Friday, November 9th. Finally, Zacks Investment Research cut shares of Societe Generale from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 15th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.67.

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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Earnings History and Estimates for Societe Generale (OTCMKTS:SCGLY)

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