SSE (SSE) Posts Earnings Results

SSE (LON:SSE) announced its quarterly earnings results on Friday. The company reported GBX 121.10 ($1.62) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 117.50 ($1.58) by GBX 3.60 ($0.05), Digital Look Earnings reports. SSE had a net margin of 2.93% and a return on equity of 9.69%.

Shares of SSE stock opened at GBX 1,421.50 ($19.07) on Friday. SSE has a 52-week low of GBX 1,176.50 ($15.79) and a 52-week high of GBX 1,554 ($20.85).

The company also recently declared a dividend, which will be paid on Friday, September 21st. Investors of record on Thursday, July 26th will be paid a GBX 66.30 ($0.89) dividend. The ex-dividend date of this dividend is Thursday, July 26th. This represents a yield of 4.65%. This is an increase from SSE’s previous dividend of $28.40.

Several research analysts have recently commented on SSE shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 1,450 ($19.46) price objective on shares of SSE in a research note on Thursday, February 1st. Credit Suisse Group reissued a “restricted” rating on shares of SSE in a research note on Wednesday, February 28th. Deutsche Bank lowered their price objective on shares of SSE from GBX 1,250 ($16.77) to GBX 1,150 ($15.43) and set a “sell” rating for the company in a research note on Thursday, March 8th. Morgan Stanley lowered their price objective on shares of SSE from GBX 1,670 ($22.41) to GBX 1,500 ($20.13) and set an “overweight” rating for the company in a research note on Tuesday, March 27th. Finally, Deutsche Bank reissued a “sell” rating on shares of SSE in a research note on Friday, May 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of GBX 1,516.85 ($20.35).

SSE Company Profile

SSE plc produces, generates, distributes, and supplies electricity and gas, as well as other energy-related services in the United Kingdom and Ireland. It operates through three segments: Wholesale, Networks, and Retail. The company generates electricity from gas, oil, coal, water, and wind. Its electricity networks transmit and distribute electricity to approximately 3.7 million businesses, offices, and homes through approximately 130,000 kilometers of overhead lines and underground cables; and gas networks distribute gas to approximately 5.7 million homes, offices, and businesses through 75,000 kilometers of gas mains.

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