Susser Petroleum Partners (SUSP) Releases Quarterly Earnings, Misses Expectations By $0.03 EPS
Susser Petroleum Partners (NASDAQ:SUSP) issued its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.03, AnalystRatings.Net reports. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.16 billion.
A number of research firms have recently commented on SUSP. Analysts at Macquarie initiated coverage on shares of Susser Petroleum Partners in a research note on Friday, February 21st. They set an “outperform” rating and a $40.00 price target on the stock. On a related note, analysts at Robert W. Baird upgraded shares of Susser Petroleum Partners from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 15th. They now have a $38.00 price target on the stock, up previously from $36.00. Finally, analysts at Ladenburg Thalmann initiated coverage on shares of Susser Petroleum Partners in a research note on Tuesday, December 3rd. They set a “buy” rating and a $37.00 price target on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Susser Petroleum Partners presently has an average rating of “Buy” and an average price target of $35.62.
Susser Petroleum Partners (NASDAQ:SUSP) opened at 36.57 on Wednesday. Susser Petroleum Partners has a 1-year low of $26.80 and a 1-year high of $37.25. The stock’s 50-day moving average is $34.55 and its 200-day moving average is $32.34. The company has a market cap of $802.7 million and a P/E ratio of 22.36.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.4851 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Thursday, February 13th. This is a positive change from Susser Petroleum Partners’s previous quarterly dividend of $0.47.
Susser Petroleum Partners LP is primarily engaged in fee-based wholesale distribution of motor fuels to Susser Holdings Corporation (NASDAQ:SUSP) and third parties.
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