Suburban Propane Partners (SPH) Scheduled to Post Quarterly Earnings on Thursday

Suburban Propane Partners (NYSE:SPH) is set to announce its earnings results before the market opens on Thursday, May 9th. Investors interested in participating in the company’s conference call can do so using this link.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, February 8th. The energy company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $365.83 million for the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%.

Suburban Propane Partners Price Performance

Shares of NYSE SPH opened at $19.86 on Wednesday. The business’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $18.82. The company has a market cap of $1.27 billion, a PE ratio of 12.49 and a beta of 0.44. The company has a quick ratio of 0.52, a current ratio of 0.72 and a debt-to-equity ratio of 2.26. Suburban Propane Partners has a twelve month low of $14.42 and a twelve month high of $22.33.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date is Monday, May 6th. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 81.76%.

Insider Buying and Selling

In related news, SVP Neil Scanlon sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.33, for a total transaction of $502,580.00. Following the completion of the transaction, the senior vice president now directly owns 162,129 shares in the company, valued at approximately $3,133,953.57. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SPH has been the topic of a number of recent analyst reports. StockNews.com downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Mizuho downgraded Suburban Propane Partners from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $16.00 to $17.00 in a research report on Monday, January 29th.

Suburban Propane Partners Company Profile

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.