SSP Group (LON:SSPG) Posts Earnings Results

SSP Group (LON:SSPG - Get Free Report) released its earnings results on Wednesday. The company reported GBX (2) (($0.03)) earnings per share for the quarter, Digital Look Earnings reports. SSP Group had a return on equity of 3.64% and a net margin of 0.24%.

SSP Group Trading Down 1.5%

Shares of SSP Group stock traded down GBX 2.61 ($0.03) during trading hours on Wednesday, reaching GBX 173.99 ($2.33). 1,071,400 shares of the company's stock were exchanged, compared to its average volume of 3,072,085. The firm has a market capitalization of £1.39 billion, a price-to-earnings ratio of 182.36, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. SSP Group has a 52-week low of GBX 134.10 ($1.80) and a 52-week high of GBX 196.30 ($2.63). The company has a current ratio of 0.44, a quick ratio of 0.66 and a debt-to-equity ratio of 852.29. The company has a fifty day moving average of GBX 151.31 and a 200-day moving average of GBX 164.50.

SSP Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, January 30th were given a dividend of GBX 2.30 ($0.03) per share. This is an increase from SSP Group's previous dividend of $1.20. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. SSP Group's payout ratio is currently 209.62%.

Analysts Set New Price Targets

Separately, Shore Capital restated a "house stock" rating on shares of SSP Group in a research report on Tuesday.

Insider Transactions at SSP Group

In other SSP Group news, insider Patrick Coveney sold 217,595 shares of SSP Group stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 139 ($1.86), for a total value of £302,457.05 ($405,058.32). Insiders own 0.66% of the company's stock.

About SSP Group

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.

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