Credit Agricole (OTCMKTS:CRARY – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01), Zacks reports. The company had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $7.99 billion. Credit Agricole had a return on equity of 32.35% and a net margin of 24.36%.
Credit Agricole Stock Up 2.6%
CRARY stock opened at $11.08 on Friday. Credit Agricole has a 1-year low of $8.80 and a 1-year high of $11.33. The business has a fifty day moving average price of $9.93 and a 200-day moving average price of $10.03. The company has a debt-to-equity ratio of 5.79, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $67.05 billion, a P/E ratio of 9.23 and a beta of 0.66.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Credit Agricole currently has an average rating of “Hold”.
Credit Agricole Company Profile
Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.
The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.
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