Jefferies Financial Group looks at Crédit Agricole SA’s 2023 financial results (OTCMKTS:CRARY)

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Crédit Agricole SA (OTCMKTS:CRARY – Get Rating) – Equity research analysts at Jefferies Financial Group have lowered their full-year 2023 EPS estimates for Crédit Agricole shares in a report released Monday, July 25. Jefferies Financial Group analyst F. Bocahut now expects the company to post earnings per share of $0.65 for the year, down from its previous forecast of $0.71. Jefferies Financial Group currently has a “Hold” rating on the stock. The consensus estimate of Crédit Agricole’s current annual profit is $0.49 per share. Jefferies Financial Group also released estimates for Crédit Agricole’s fiscal year 2024 earnings at $0.81 EPS and fiscal year 2025 earnings at $0.88 EPS.

Several other brokerages also recently commented on CRARY. Keefe, Bruyette & Woods downgraded Crédit Agricole shares to an “underperforming” rating in a Monday July 11 report. Credit Suisse Group lowered its price target on Crédit Agricole shares from €12.50 ($12.76) to €12.00 ($12.24) in a Friday May 6 research note. Deutsche Bank Aktiengesellschaft upgraded Crédit Agricole shares from a “buy” to a “hold” rating in a Tuesday, July 5 research note. Berenberg Bank lowered its price target on Crédit Agricole shares from €12.30 ($12.55) to €11.50 ($11.73) in a Thursday, May 19 research note. Finally, Barclays downgraded Credit Agricole shares from an “overweight” rating to an “equal weight” rating and set a price target of $14.10 for the company. in a research note from Wednesday, April 13. Three research analysts gave the stock a sell rating, six gave the company a hold rating and three gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.69.

Performance of the Crédit Agricole share

Shares of CRARY opened at $4.29 on Tuesday. The company has a market capitalization of $25.96 billion, a P/E ratio of 4.52 and a beta of 1.80. The company’s 50-day moving average price is $4.82 and its two-hundred-day moving average price is $5.80. Credit Agricole has a 52-week low of $4.00 and a 52-week high of $8.07.

Crédit Agricole (OTCMKTS:CRARY – Get Rating) last announced its results on Thursday 5 May. The company reported EPS of $0.12 for the quarter, beating the consensus estimate of $0.09 by $0.03. The company posted revenue of $6.66 billion for the quarter, versus a consensus estimate of $6.42 billion. Crédit Agricole posted a net margin of 23.38% and a return on equity of 6.71%.

Announcement of the Crédit Agricole dividend

The company also recently announced a dividend, which was paid on Thursday, June 16. Shareholders of record on Friday, May 27 received a dividend of $0.413 per share. This represents a dividend yield of 7.56%. The ex-dividend date was Thursday, May 26. Crédit Agricole’s dividend distribution rate is currently 44.21%.

Crédit Agricole company profile

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Crédit Agricole SA provides retail, corporate, insurance and investment banking products and services worldwide. It works through asset collection; Major Customers; Specialized Financial Services; Retail Banking in France – LCL; and International Retail Banking. The Company offers banking products and services, including savings and current accounts and deposits; financial, payment and flow management services; consumer credit products; and specialized banking and financial services.

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Earnings history and estimates for Crédit Agricole (OTCMKTS:CRARY)



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