The Zacks: Brokerages Anticipate Suburban Propane Partners LP (SPH) to Post -$0.58 EPS

The Zacks: Brokerages Anticipate Suburban Propane Partners LP (SPH) to Post -$0.58 EPS

On average, analysts expect that Suburban Propane Partners will report full year earnings of $0.46 per share for the current year, with EPS estimates ranging from $0.35 to $0.57. For the next financial year, analysts forecast that the company will post earnings of $1.40 per share, with EPS estimates ranging from $0.80 to $1.84. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Suburban Propane Partners.

Equities research analysts expect Suburban Propane Partners LP (NYSE:SPH) to post ($0.58) earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Suburban Propane Partners’ earnings, with estimates ranging from ($0.68) to ($0.46). Suburban Propane Partners posted earnings per share of ($0.49) in the same quarter last year, which would indicate a negative year over year growth rate of 18.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, May 4th. The energy company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by $0.46. The firm had revenue of $450.58 million for the quarter, compared to analyst estimates of $503.38 million. Suburban Propane Partners had a return on equity of 4.69% and a net margin of 3.37%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. Several research firms recently issued reports on SPH. Zacks Investment Research raised shares of Suburban Propane Partners from a “strong sell” rating to a “hold” rating in a research note on Friday, May 5th. Stifel Nicolaus lifted their price objective on shares of Suburban Propane Partners to $29.00 and gave the company a “hold” rating in a research note on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Suburban Propane Partners has a consensus rating of “Hold” and an average price target of $31.80.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, May 4th. The energy company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by $0.46. The firm had revenue of $450.58 million for the quarter, compared to analyst estimates of $503.38 million. Suburban Propane Partners had a return on equity of 4.69% and a net margin of 3.37%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 earnings per share. Suburban Propane Partners (NYSE:SPH) traded down 1.4076% during mid-day trading on Thursday, hitting $23.7312. The stock had a trading volume of 161,132 shares. Suburban Propane Partners has a one year low of $23.50 and a one year high of $37.10. The stock has a market cap of $1.45 billion, a PE ratio of 39.4862 and a beta of 0.88. The firm’s 50-day moving average is $25.92 and its 200 day moving average is $28.23.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 9th. Investors of record on Tuesday, May 2nd were paid a $0.887 dividend. This represents a $3.55 annualized dividend and a dividend yield of 14.74%. The ex-dividend date of this dividend was Friday, April 28th. Suburban Propane Partners’s payout ratio is presently 601.71%. In other news, Director William M. Landuyt bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average price of $24.38 per share, for a total transaction of $97,520.00. Following the acquisition, the director now directly owns 20,560 shares of the company’s stock, valued at approximately $501,252.80. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Harold R. Logan, Jr. sold 3,500 shares of Suburban Propane Partners stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $26.18, for a total transaction of $91,630.00. Following the completion of the transaction, the director now owns 27,574 shares in the company, valued at approximately $721,887.32. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SPH. Elite Wealth Management LLC purchased a new position in shares of Suburban Propane Partners during the third quarter valued at approximately $100,000. Mosaic Family Wealth LLC increased its position in shares of Suburban Propane Partners by 0.4% in the third quarter. Mosaic Family Wealth LLC now owns 4,224 shares of the energy company’s stock valued at $141,000 after buying an additional 18 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Suburban Propane Partners by 24.3% in the third quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the energy company’s stock valued at $162,000 after buying an additional 950 shares during the period. Sei Investments Co. increased its position in shares of Suburban Propane Partners by 135,450.0% in the third quarter. Sei Investments Co. now owns 5,422 shares of the energy company’s stock valued at $181,000 after buying an additional 5,418 shares during the period. Finally, Advisor Group Inc. increased its position in shares of Suburban Propane Partners by 9.0% in the third quarter. Advisor Group Inc. now owns 6,411 shares of the energy company’s stock valued at $214,000 after buying an additional 527 shares during the period. Hedge funds and other institutional investors own 29.05% of the company’s stock. 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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