Analysts predict that Suburban Propane Partners LP (NYSE:SPH) will announce $191.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Suburban Propane Partners’ earnings. The highest sales estimate is $199.76 million and the lowest is $182.95 million. Suburban Propane Partners posted sales of $197.11 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is scheduled to announce its next earnings report on Thursday, November 15th.
According to Zacks, analysts expect that Suburban Propane Partners will report full year sales of $1.39 billion for the current fiscal year, with estimates ranging from $1.33 billion to $1.46 billion. For the next financial year, analysts expect that the firm will report sales of $1.51 billion per share, with estimates ranging from $1.34 billion to $1.75 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Suburban Propane Partners.
Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, August 9th. The energy company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.20. The business had revenue of $241.90 million during the quarter, compared to the consensus estimate of $253.17 million. Suburban Propane Partners had a return on equity of 13.25% and a net margin of 5.69%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.48) earnings per share.
A number of equities analysts have issued reports on SPH shares. Zacks Investment Research upgraded Suburban Propane Partners from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. ValuEngine downgraded Suburban Propane Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.00.
In other news, Director Harold R. Logan, Jr. sold 4,200 shares of the firm’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $23.47, for a total transaction of $98,574.00. Following the completion of the transaction, the director now directly owns 17,876 shares in the company, valued at $419,549.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven C. Boyd sold 8,500 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $23.51, for a total value of $199,835.00. Following the transaction, the chief operating officer now owns 94,441 shares of the company’s stock, valued at $2,220,307.91. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in shares of Suburban Propane Partners by 3.7% during the second quarter. Janney Montgomery Scott LLC now owns 81,906 shares of the energy company’s stock valued at $1,924,000 after acquiring an additional 2,913 shares in the last quarter. Lee Financial Co increased its holdings in shares of Suburban Propane Partners by 98.3% during the first quarter. Lee Financial Co now owns 6,454 shares of the energy company’s stock valued at $142,000 after acquiring an additional 3,200 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Suburban Propane Partners by 35.7% during the first quarter. Private Advisor Group LLC now owns 12,488 shares of the energy company’s stock valued at $275,000 after acquiring an additional 3,282 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Suburban Propane Partners during the fourth quarter valued at $106,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Suburban Propane Partners by 16.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 35,573 shares of the energy company’s stock valued at $783,000 after acquiring an additional 4,944 shares in the last quarter. Hedge funds and other institutional investors own 28.95% of the company’s stock.
Suburban Propane Partners traded up $0.55, reaching $23.91, during trading on Friday, according to MarketBeat.com. The stock had a trading volume of 635,985 shares, compared to its average volume of 168,018. The company has a current ratio of 1.41, a quick ratio of 1.11 and a debt-to-equity ratio of 2.04. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 5.67 and a beta of 0.60. Suburban Propane Partners has a one year low of $21.85 and a one year high of $27.05.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 14th. Shareholders of record on Tuesday, August 7th will be issued a $0.60 dividend. The ex-dividend date is Monday, August 6th. This represents a $2.40 dividend on an annualized basis and a yield of 10.04%. Suburban Propane Partners’s dividend payout ratio (DPR) is 342.86%.
Suburban Propane Partners Company Profile
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its 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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