Suburban Propane Partners (NYSE:SPH) is scheduled to announce its earnings results before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.88 per share for the quarter.
Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, November 16th. The energy company reported ($0.83) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.87) by $0.04. The firm had revenue of $197.11 million during the quarter, compared to analysts’ expectations of $187.97 million. Suburban Propane Partners had a return on equity of 5.81% and a net margin of 3.20%. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.99) EPS. On average, analysts expect Suburban Propane Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Suburban Propane Partners (NYSE:SPH) opened at $24.64 on Tuesday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.41 and a current ratio of 0.66. The firm has a market capitalization of $1,510.00, a price-to-earnings ratio of 39.74 and a beta of 0.61. Suburban Propane Partners has a 12 month low of $22.71 and a 12 month high of $30.63.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date is Monday, February 5th. Suburban Propane Partners’s dividend payout ratio (DPR) is currently 387.10%.
A number of equities research analysts recently weighed in on SPH shares. Zacks Investment Research upgraded Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, October 17th. UBS Group raised Suburban Propane Partners from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $29.00 in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.50.
In related news, insider Keith P. Onderdonk sold 4,500 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $23.33, for a total transaction of $104,985.00. Following the transaction, the insider now directly owns 28,665 shares of the company’s stock, valued at approximately $668,754.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sandra N. Zwickel sold 4,175 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $24.10, for a total value of $100,617.50. Following the completion of the transaction, the vice president now directly owns 21,060 shares in the company, valued at $507,546. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
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About Suburban Propane Partners
Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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