Credit Agricole (OTCMKTS:CRARY) Issues Earnings Results, Misses Estimates By $0.01 EPS

Credit Agricole (OTCMKTS:CRARY) announced its quarterly earnings data on Friday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01), Zacks reports. Credit Agricole had a net margin of 24.36% and a return on equity of 32.35%.

Credit Agricole Price Performance

OTCMKTS CRARY traded up $0.28 during trading on Friday, hitting $11.08. 440,160 shares of the company’s stock were exchanged, compared to its average volume of 243,491. The company has a market cap of $67.05 billion, a PE ratio of 9.23 and a beta of 0.66. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.79. Credit Agricole has a fifty-two week low of $8.80 and a fifty-two week high of $11.33. The stock’s 50 day moving average price is $9.89 and its two-hundred day moving average price is $10.03.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.