Sky Plc (SKYAY) Releases Earnings Results, Meets Expectations
Sky Plc (NASDAQ:SKYAY) issued its earnings results on Thursday. The company reported $0.76 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.76, MarketWatch Earnings reports. Sky Plc had a net margin of 5.69% and a return on equity of 20.30%.
Sky Plc (NASDAQ SKYAY) traded up 1.402% during midday trading on Thursday, reaching $48.876. 165 shares of the company traded hands. Sky Plc has a 12 month low of $37.23 and a 12 month high of $52.91. The company’s 50-day moving average price is $49.28 and its 200 day moving average price is $50.02. The firm has a market capitalization of $20.92 billion and a PE ratio of 23.142.
Separately, Zacks Investment Research upgraded shares of Sky Plc from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Saturday, July 22nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $56.00.
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About Sky Plc
Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.
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