Suburban Propane Partners (NYSE:SPH) will be releasing its earnings data before the market opens on Thursday, May 6th. Analysts expect Suburban Propane Partners to post earnings of $1.74 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results on Thursday, February 4th. The energy company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. Suburban Propane Partners had a net margin of 5.48% and a return on equity of 14.43%. The company had revenue of $305.19 million for the quarter, compared to analyst estimates of $337.33 million. On average, analysts expect Suburban Propane Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of SPH opened at $14.90 on Tuesday. The company’s fifty day moving average is $15.04 and its 200-day moving average is $15.41. Suburban Propane Partners has a 12 month low of $12.08 and a 12 month high of $18.18. The firm has a market cap of $931.68 million, a price-to-earnings ratio of 15.52 and a beta of 0.64. The company has a quick ratio of 0.28, a current ratio of 0.47 and a debt-to-equity ratio of 3.34.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 11th. Stockholders of record on Tuesday, May 4th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, May 3rd. This represents a $1.20 annualized dividend and a dividend yield of 8.05%. Suburban Propane Partners’s dividend payout ratio (DPR) is 123.71%.
In other Suburban Propane Partners news, Director Harold R. Logan, Jr. sold 3,000 shares of the stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $15.15, for a total value of $45,450.00. Following the completion of the sale, the director now directly owns 26,099 shares of the company’s stock, valued at approximately $395,399.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.
Several research analysts have recently commented on the stock. Argus upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, April 1st. Zacks Investment Research lowered shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 17th.
About Suburban Propane Partners
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.
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