Jefferies Financial Group Brokers Increase Earnings Estimates for SSE PLC/S (SSEZY)
SSE PLC/S (OTCMKTS:SSEZY) – Research analysts at Jefferies Financial Group upped their FY2020 earnings estimates for shares of SSE PLC/S in a research report issued on Tuesday, March 12th. Jefferies Financial Group analyst A. Farman now anticipates that the technology company will post earnings of $1.17 per share for the year, up from their prior estimate of $1.13. Jefferies Financial Group also issued estimates for SSE PLC/S’s FY2021 earnings at $1.34 EPS.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded SSE PLC/S from a “sell” rating to a “hold” rating in a research note on Saturday. Goldman Sachs Group restated a “buy” rating on shares of SSE PLC/S in a research note on Tuesday, January 8th. UBS Group downgraded SSE PLC/S from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 16th. Finally, Credit Suisse Group restated an “outperform” rating on shares of SSE PLC/S in a research note on Thursday, January 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. SSE PLC/S has an average rating of “Buy” and an average price target of $16.00.
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, January 18th will be paid a $0.354 dividend. The ex-dividend date of this dividend is Thursday, January 17th. SSE PLC/S’s payout ratio is currently 44.10%.
SSE PLC/S Company Profile
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.
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