Wall Street analysts expect Sprague Resources LP (NYSE:SRLP) to report $569.63 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Sprague Resources’ earnings, with the highest sales estimate coming in at $674.00 million and the lowest estimate coming in at $501.61 million. Sprague Resources reported sales of $422.78 million in the same quarter last year, which indicates a positive year over year growth rate of 34.7%. The business is scheduled to report its next quarterly earnings results on Monday, November 6th.

On average, analysts expect that Sprague Resources will report full-year sales of $569.63 million for the current fiscal year, with estimates ranging from $2.70 billion to $3.30 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.10 billion per share, with estimates ranging from $2.88 billion to $3.34 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Sprague Resources.

Sprague Resources (NYSE:SRLP) last issued its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.40. Sprague Resources had a net margin of 1.77% and a return on equity of 29.64%. The company had revenue of $513.63 million during the quarter, compared to analyst estimates of $529.66 million.

A number of research analysts have recently commented on SRLP shares. Zacks Investment Research raised shares of Sprague Resources from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered shares of Sprague Resources from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.67.

Sprague Resources (NYSE SRLP) opened at 27.00 on Tuesday. The firm has a market capitalization of $608.66 million, a P/E ratio of 13.73 and a beta of 1.39. Sprague Resources has a 52 week low of $22.50 and a 52 week high of $30.75. The firm has a 50-day moving average price of $27.45 and a 200-day moving average price of $27.09.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were given a $0.608 dividend. This represents a $2.43 annualized dividend and a yield of 9.01%. The ex-dividend date was Thursday, August 3rd. This is a positive change from Sprague Resources’s previous quarterly dividend of $0.46. Sprague Resources’s dividend payout ratio is 119.70%.

In related news, Director Ben J. Hennelly sold 2,456 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $26.94, for a total value of $66,164.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Sprague Resources by 23.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,964 shares of the oil and gas company’s stock valued at $1,235,000 after buying an additional 8,364 shares during the period. Bank of New York Mellon Corp raised its position in Sprague Resources by 11.1% in the first quarter. Bank of New York Mellon Corp now owns 37,419 shares of the oil and gas company’s stock valued at $1,014,000 after buying an additional 3,736 shares during the period. Acrospire Investment Management LLC raised its position in Sprague Resources by 116.0% in the first quarter. Acrospire Investment Management LLC now owns 3,905 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 2,097 shares during the period. Friedberg Investment Management acquired a new position in Sprague Resources during the first quarter valued at about $224,000. Finally, Doheny Asset Management CA raised its position in Sprague Resources by 3.2% in the first quarter. Doheny Asset Management CA now owns 64,950 shares of the oil and gas company’s stock valued at $1,760,000 after buying an additional 2,000 shares during the period. 25.86% of the stock is owned by hedge funds and other institutional investors.

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