SES (OTCMKTS:SGBAF) Issues Quarterly Earnings Results

SES (OTCMKTS:SGBAF) posted its quarterly earnings data on Thursday. The company reported ($0.32) earnings per share (EPS) for the quarter, Zacks reports. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.

SES Stock Performance

Shares of OTCMKTS:SGBAF traded down $1.05 during trading on Thursday, hitting $6.52. The company’s stock had a trading volume of 1,495 shares, compared to its average volume of 3,011. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.87 and a quick ratio of 0.80. SES has a 12 month low of $5.52 and a 12 month high of $11.40. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of -14.82 and a beta of 0.99. The company has a 50-day moving average of $9.00 and a 200-day moving average of $8.18.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays downgraded SES from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 6th. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, SES 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.