Credit Agricole (CRARY) Expected to Announce Quarterly Earnings on Wednesday

Credit Agricole (OTCMKTS:CRARY) is anticipated to post its resultson Wednesday, April 29th. Analysts expect Credit Agricole to post earnings of $0.29 per share and revenue of $8.4244 billion for the quarter.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). The firm had revenue of $8.11 billion during the quarter, compared to analyst estimates of $7.98 billion. Credit Agricole had a return on equity of 37.56% and a net margin of 24.65%. On average, analysts expect Credit Agricole to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Credit Agricole Price Performance

CRARY opened at $10.09 on Wednesday. The stock has a market cap of $61.06 billion, a P/E ratio of 8.48 and a beta of 0.69. The stock’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.92. Credit Agricole has a 1-year low of $8.64 and a 1-year high of $11.33.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut Credit Agricole from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Oddo Bhf upgraded Credit Agricole from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 27th. Keefe, Bruyette & Woods upgraded Credit Agricole from a “moderate sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Credit Agricole in a report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Credit Agricole has an average rating of “Hold”.

About Credit Agricole

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.