FY2018 EPS Estimates for Societe Generale SA Boosted by Jefferies Group (SCGLY)

Societe Generale SA (OTCMKTS:SCGLY) – Analysts at Jefferies Group boosted their FY2018 earnings estimates for Societe Generale in a report issued on Tuesday. Jefferies Group analyst M. Timat now expects that the financial services provider will earn $1.29 per share for the year, up from their prior forecast of $1.28.

Societe Generale (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.26 EPS for the quarter. The firm had revenue of $7.45 billion during the quarter. Societe Generale had a return on equity of 5.48% and a net margin of 11.37%.

SCGLY has been the subject of several other research reports. JPMorgan Chase & Co. cut Societe Generale to a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research raised Societe Generale from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Societe Generale currently has an average rating of “Hold” and a consensus price target of $13.00.

Shares of Societe Generale (SCGLY) traded up $0.07 on Wednesday, reaching $11.47. The company had a trading volume of 16,224 shares, compared to its average volume of 187,480. The company has a market cap of $44,698.01, a P/E ratio of 11.65, a P/E/G ratio of 1.19 and a beta of 1.25. 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 52-week low of $8.56 and a 52-week high of $12.05.

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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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