Share on StockTwits
 

Suburban Propane Partners, L.P. (NYSE:SPH) posted its quarterly earnings results on Thursday. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.25, AmericanBankingNews.com reports. The company had revenue of $526.10 million for the quarter, compared to the consensus estimate of $585.17 million.

A number of research firms have recently commented on SPH. Analysts at Zacks downgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 15th. They now have a $44.10 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. downgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, January 15th. They now have a $45.00 price target on the stock, down previously from $48.00. Finally, analysts at Bank of America Corp. downgraded shares of Suburban Propane Partners, L.P. to a “neutral” rating in a research note to investors on Friday, January 3rd. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and an average target price of $44.28.

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) opened at 43.80 on Thursday. Suburban Propane Partners, L.P. has a 52 week low of $40.75 and a 52 week high of $50.25. The stock has a 50-day moving average of $45.56 and a 200-day moving average of $46.25. The company has a market cap of $2.641 billion and a P/E ratio of 32.35.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 11th. Shareholders of record on Tuesday, February 4th will be given a dividend of 0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Friday, January 31st.

Suburban Propane Partners, L.P. (NYSE:SPH) is a nationwide marketer and distributor of a range of products meeting the energy needs of its customers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.