Suburban Propane Partners (SPH) Scheduled to Post Quarterly Earnings on Thursday
Suburban Propane Partners (NYSE:SPH) is scheduled to issue its Q314 quarterly earnings data on Thursday, August 7th. Analysts expect the company to announce earnings of ($0.57) per share and revenue of $332.05 million for the quarter.
Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings data on Thursday, May 8th. The company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.23. The company had revenue of $873.80 million for the quarter, compared to the consensus estimate of $798.90 million. During the same quarter in the previous year, the company posted $2.28 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts expect Suburban Propane Partners to post $2.06 EPS for the current fiscal year and $2.12 EPS for the next fiscal year.
Suburban Propane Partners (NYSE:SPH) traded down 0.41% during mid-day trading on Wednesday, hitting $43.2221. The stock had a trading volume of 36,496 shares. Suburban Propane Partners has a 1-year low of $39.91 and a 1-year high of $48.90. The stock’s 50-day moving average is $45.61 and its 200-day moving average is $44.40. The company has a market cap of $2.607 billion and a price-to-earnings ratio of 26.27.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 12th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date of this dividend is Friday, August 1st.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Suburban Propane Partners in a research note on Tuesday, July 29th. They now have a $44.00 price target on the stock, up previously from $42.50. On a related note, analysts at Zacks downgraded shares of Suburban Propane Partners from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. They now have a $50.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Suburban Propane Partners in a research note on Monday, June 2nd. They now have a $49.00 price target on the stock, up previously from $47.00. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.00.
Suburban Propane Partners, L.P. (NYSE:SPH) is a nationwide marketer and distributor of a range of products meeting the energy needs of the customers.
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