Susser Petroleum Partners (SUSP) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS
Susser Petroleum Partners (NASDAQ:SUSP) released its earnings data on Friday. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.54 by $0.11, American Banking News.com reports. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.33 billion.
Susser Petroleum Partners (NASDAQ:SUSP) opened at 51.38 on Friday. Susser Petroleum Partners has a 52 week low of $28.64 and a 52 week high of $51.93. The stock’s 50-day moving average is $49.17 and its 200-day moving average is $41.43. The company has a market cap of $1.128 billion and a price-to-earnings ratio of 28.66.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.5197 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.05%.
On the ratings front, analysts at Benchmark Co. downgraded shares of Susser Petroleum Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, June 4th. They now have a $47.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $39.63.
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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