Star Group (NYSE:SGU – Get Free Report) posted its quarterly earnings data on Wednesday. The pipeline company reported ($0.84) earnings per share for the quarter, FiscalAI reports. The company had revenue of $358.07 million during the quarter. Star Group had a net margin of 4.57% and a return on equity of 25.17%.
Star Group Trading Up 1.2%
Shares of SGU traded up $0.15 during trading hours on Friday, hitting $12.91. 9,881 shares of the stock were exchanged, compared to its average volume of 25,018. Star Group has a fifty-two week low of $11.37 and a fifty-two week high of $13.53. The business has a 50-day moving average of $12.78 and a 200-day moving average of $12.76. The firm has a market capitalization of $424.00 million, a P/E ratio of 6.91 and a beta of 0.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.81.
Star Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, July 27th were given a dividend of $0.1975 per share. The ex-dividend date was Monday, July 27th. This represents a $0.79 annualized dividend and a dividend yield of 6.1%. Star Group’s dividend payout ratio is 35.43%.
Institutional Trading of Star Group
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.
View Our Latest Stock Report on SGU
Star Group Company Profile
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,600 customers.
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