SSE (LON:SSE) Posts Quarterly Earnings Results

SSE (LON:SSE - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported GBX 160.90 ($2.15) earnings per share for the quarter, Digital Look Earnings reports. SSE had a return on equity of 17.83% and a net margin of 16.36%.

SSE Trading Down 1.9%

Shares of SSE traded down GBX 33.50 ($0.45) during trading hours on Wednesday, hitting GBX 1,765 ($23.64). The company had a trading volume of 18,817,750 shares, compared to its average volume of 18,113,719. The company has a quick ratio of 0.50, a current ratio of 1.10 and a debt-to-equity ratio of 82.62. SSE has a 52-week low of GBX 1,446.89 ($19.38) and a 52-week high of GBX 2,019 ($27.04). The firm has a market cap of £19.34 billion, a P/E ratio of 11.28, a P/E/G ratio of 3.06 and a beta of 0.56. The stock's 50 day moving average price is GBX 1,613.75 and its 200 day moving average price is GBX 1,616.25.

SSE Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 2nd were given a dividend of GBX 21.20 ($0.28) per share. This represents a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, January 2nd. SSE's dividend payout ratio (DPR) is currently 38.33%.

Insiders Place Their Bets

In other SSE news, insider Alistair Phillips-Davies purchased 31 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of GBX 1,508 ($20.20) per share, for a total transaction of £467.48 ($626.06). Company insiders own 0.12% of the company's stock.

About SSE

SSE is an integrated energy group focused on regulated electricity networks and renewable energy with flexible generation. Our strategy is to create value for shareholders and society in a sustainable way by developing, building, operating and investing in the electricity infrastructure and businesses needed in the transition to net zero.

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