SES (OTCMKTS:SGBAF) Posts Earnings Results

SES (OTCMKTS:SGBAF) posted its quarterly earnings data on Thursday. The company reported ($0.32) earnings per share 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 Down 13.8%

Shares of SGBAF opened at $6.52 on Friday. The business’s fifty day moving average price is $8.93 and its two-hundred day moving average price is $8.17. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of -14.82 and a beta of 0.99. SES has a 52 week low of $5.52 and a 52 week high of $11.40. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.80 and a current ratio of 0.87.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SGBAF. New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 2nd. Barclays cut SES from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 6th. Finally, Zacks Research raised SES to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Sell”.

About SES

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.