Analysts Expect Suburban Propane Partners, L.P. (SPH) Will Post Earnings of $0.86 Per Share

Brokerages expect Suburban Propane Partners, L.P. (NYSE:SPH) to post earnings of $0.86 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Suburban Propane Partners’ earnings. The highest EPS estimate is $0.86 and the lowest is $0.85. Suburban Propane Partners reported earnings per share of $0.56 in the same quarter last year, which indicates a positive year over year growth rate of 53.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 1st.

On average, analysts expect that Suburban Propane Partners will report full year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.54. For the next fiscal year, analysts forecast that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.46 to $1.83. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Suburban Propane Partners.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings results on Thursday, November 16th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.87) by $0.04. The firm had revenue of $197.11 million during the quarter, compared to analyst estimates of $187.97 million. Suburban Propane Partners had a net margin of 3.20% and a return on equity of 5.81%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.99) earnings per share.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price objective on shares of Suburban Propane Partners in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.00.

Shares of Suburban Propane Partners (NYSE SPH) traded up $0.17 during mid-day trading on Wednesday, reaching $23.95. 179,900 shares of the company’s stock were exchanged, compared to its average volume of 317,540. Suburban Propane Partners has a 1 year low of $22.71 and a 1 year high of $32.17. The company has a market capitalization of $1,459.84, a PE ratio of 38.98 and a beta of 0.64. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 2.30.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $2.40 annualized dividend and a yield of 10.02%. Suburban Propane Partners’s payout ratio is currently 393.44%.

In related news, VP Sandra N. Zwickel sold 4,175 shares of Suburban Propane Partners stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $24.10, for a total value of $100,617.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Harold R. Logan, Jr. sold 2,127 shares of Suburban Propane Partners stock in a transaction on Monday, September 18th. The shares were sold at an average price of $24.20, for a total transaction of $51,473.40. Following the completion of the sale, the director now owns 24,074 shares in the company, valued at approximately $582,590.80. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of SPH. Bruderman Asset Management LLC purchased a new position in shares of Suburban Propane Partners in the second quarter worth about $121,000. Corbenic Partners LLC boosted its stake in Suburban Propane Partners by 0.3% during the second quarter. Corbenic Partners LLC now owns 7,527 shares of the energy company’s stock worth $179,000 after buying an additional 21 shares during the last quarter. Legacy Advisors LLC purchased a new stake in Suburban Propane Partners in the third quarter valued at $190,000. Pinnacle Financial Partners Inc. purchased a new stake in Suburban Propane Partners in the second quarter valued at $250,000. Finally, D.A. Davidson & CO. raised its holdings in shares of Suburban Propane Partners by 9.9% in the 2nd quarter. D.A. Davidson & CO. now owns 11,459 shares of the energy company’s stock valued at $272,000 after buying an additional 1,035 shares during the period. Institutional investors and hedge funds own 25.86% 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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