Sse Plc (SSE) Issues Earnings Results
Sse Plc (LON:SSE) issued its quarterly earnings data on Wednesday. The company reported GBX 31.20 ($0.41) EPS for the quarter, beating analysts’ consensus estimates of GBX 30.30 ($0.40) by GBX 0.90 ($0.01), Bloomberg Earnings reports. Sse Plc had a return on equity of 40.09% and a net margin of 6.57%. The firm had revenue of £1,218.41 billion for the quarter.
Sse Plc (SSE) traded down GBX 34 ($0.45) during trading on Friday, reaching GBX 1,360 ($17.89). The company’s stock had a trading volume of 6,319,900 shares, compared to its average volume of 3,330,000. Sse Plc has a 1 year low of GBX 1,341 ($17.64) and a 1 year high of GBX 1,578 ($20.75).
A number of research analysts have commented on the company. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 1,388 ($18.26) price objective on shares of Sse Plc in a report on Wednesday. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 1,300 ($17.10) price objective on shares of Sse Plc in a report on Thursday. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 1,540 ($20.26) price objective on shares of Sse Plc in a report on Wednesday. Credit Suisse Group reissued a “restricted” rating on shares of Sse Plc in a report on Wednesday. Finally, Barclays PLC reissued an “overweight” rating and set a GBX 1,665 ($21.90) target price on shares of Sse Plc in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Sse Plc has a consensus rating of “Buy” and an average price target of GBX 1,531.43 ($20.14).
Sse Plc Company Profile
SSE plc is engaged in producing, distributing and supplying electricity and gas, as well as other energy-related services to homes and businesses in Great Britain and Ireland. The Company’s segments include Networks, which consists of electricity distribution, electricity transmission and gas distribution; Retail, which consists of energy supply, enterprise and energy-related services, and Wholesale, which consists of energy portfolio management and electricity generation, gas storage and gas production.
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