SSP Group (LON:SSPG) Announces Earnings Results

SSP Group (LON:SSPG - Get Free Report) issued 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 net margin of 0.24% and a return on equity of 3.64%.

SSP Group Stock Down 4.8%

Shares of LON SSPG traded down GBX 8.40 ($0.11) during midday trading on Monday, hitting GBX 166.10 ($2.25). 1,480,257 shares of the company's stock were exchanged, compared to its average volume of 3,049,518. The firm's fifty day simple moving average is GBX 152.12 and its 200-day simple moving average is GBX 164.75. The company has a market cap of £1.33 billion, a PE ratio of 174.09, a P/E/G ratio of -0.77 and a beta of 1.88. SSP Group has a twelve month low of GBX 134.10 ($1.81) and a twelve month high of GBX 196.30 ($2.66). The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66.

SSP Group Increases Dividend

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

Insider Activity at SSP Group

In related news, insider Patrick Coveney sold 217,595 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 139 ($1.88), for a total value of £302,457.05 ($409,278.82). 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "house stock" rating on shares of SSP Group in a research report on Tuesday, May 20th.

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.