Wall Street brokerages expect Sprague Resources LP (NYSE:SRLP) to announce earnings of $0.04 per share for the current quarter, Zacks reports. Two analysts have made estimates for Sprague Resources’ earnings. Sprague Resources reported earnings of ($0.44) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 109.1%. The business is scheduled to report its next quarterly earnings report on Monday, November 6th.

According to Zacks, analysts expect that Sprague Resources will report full year earnings of $4.25 per share for the current year, with EPS estimates ranging from $4.00 to $4.50. For the next financial year, analysts forecast that the company will post earnings of $3.38 per share, with EPS estimates ranging from $3.26 to $3.60. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover 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 consensus estimate of $0.01 by $0.40. Sprague Resources had a return on equity of 29.64% and a net margin of 1.77%. The firm had revenue of $513.63 million during the quarter, compared to analysts’ expectations of $529.66 million.

Several research firms have recently weighed in on SRLP. BidaskClub upgraded Sprague Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Sprague Resources from a “strong sell” rating to a “hold” rating and set a $29.00 price target on the stock in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.67.

Large investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Sprague Resources by 19.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,396 shares of the oil and gas company’s stock valued at $857,000 after buying an additional 5,053 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Sprague Resources by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 37,636 shares of the oil and gas company’s stock valued at $1,061,000 after buying an additional 217 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Sprague Resources during the second quarter valued at $9,192,000. Creative Planning increased its stake in shares of Sprague Resources by 81.8% in the second quarter. Creative Planning now owns 4,570 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 2,056 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Sprague Resources by 11.3% in the first quarter. Renaissance Technologies LLC now owns 48,927 shares of the oil and gas company’s stock valued at $1,326,000 after buying an additional 4,963 shares in the last quarter. 24.63% of the stock is owned by institutional investors and hedge funds.

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Shares of Sprague Resources (NYSE SRLP) traded up 0.59% on Thursday, hitting $25.75. 16,063 shares of the company traded hands. Sprague Resources has a 1-year low of $22.50 and a 1-year high of $30.75. The stock has a market capitalization of $580.48 million, a price-to-earnings ratio of 12.84 and a beta of 1.39. The firm’s 50 day moving average price is $26.81 and its 200-day moving average price is $26.96.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were issued a $0.608 dividend. This represents a $2.43 annualized dividend and a yield of 9.44%. The ex-dividend date of this dividend was Thursday, August 3rd. This is an increase from Sprague Resources’s previous quarterly dividend of $0.46. Sprague Resources’s dividend payout ratio (DPR) is currently 119.70%.

Sprague Resources Company Profile

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