SES (OTCMKTS:SGBAF – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.32) EPS for the quarter, Zacks reports. The firm had revenue of $877.72 million for the quarter. SES had a negative return on equity of 14.31% and a negative net margin of 8.96%.
SES Stock Performance
Shares of SGBAF stock opened at $6.52 on Friday. The company’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $8.16. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03. SES has a 52 week low of $5.52 and a 52 week high of $11.40. The company has a market cap of $3.63 billion, a PE ratio of -7.41 and a beta of 0.99.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a report on Monday, July 6th. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. Finally, Zacks Research raised SES to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
SES Company Profile
SES (OTCMKTS:SGBAF) is a leading global satellite operator headquartered in Betzdorf, Luxembourg. The company provides end-to-end satellite communications services, leveraging a fleet of geostationary satellites under the ASTRA and SES brands, as well as medium-earth orbit satellites through its O3b network. SES serves a diverse range of customers in the broadcast, telecom, maritime, aviation and government sectors, delivering managed video distribution and high-throughput data connectivity solutions worldwide.
The company’s video business enables broadcasters and content distributors to reach television audiences across Europe, North America, Latin America, Asia-Pacific and Africa.
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