Suburban Propane Partners (NYSE:SPH) Releases Earnings Results, Misses Expectations By $0.46 EPS

Suburban Propane Partners (NYSE:SPH) released its quarterly earnings data on Thursday. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46), Zacks reports. Suburban Propane Partners had a net margin of 5.59% and a return on equity of 12.64%. During the same period last year, the company earned $0.38 EPS.

Suburban Propane Partners Price Performance

Suburban Propane Partners stock traded down $1.13 during trading hours on Thursday, hitting $20.51. 130,726 shares of the stock were exchanged, compared to its average volume of 304,611. Suburban Propane Partners has a 12 month low of $15.20 and a 12 month high of $21.89. The business’s 50-day moving average is $18.83 and its two-hundred day moving average is $18.34. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51. The stock has a market capitalization of $1.32 billion, a P/E ratio of 17.99 and a beta of 0.51.

Suburban Propane Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th will be issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.34%. The ex-dividend date of this dividend is Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is currently 114.04%.

Insider Buying and Selling

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the transaction, the vice president now owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. The trade was a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total value of $49,616.00. Following the transaction, the vice president now owns 21,898 shares of the company’s stock, valued at approximately $388,032.56. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

About Suburban Propane Partners

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.