Brokerages predict that Suburban Propane Partners, L.P. (NYSE:SPH) will report sales of $182.18 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Suburban Propane Partners, L.P.’s earnings, with the lowest sales estimate coming in at $176.75 million and the highest estimate coming in at $191.21 million. Suburban Propane Partners, L.P. reported sales of $161.02 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.1%. The business is scheduled to issue its next earnings report on Thursday, November 9th.

According to Zacks, analysts expect that Suburban Propane Partners, L.P. will report full year sales of $182.18 million for the current fiscal year, with estimates ranging from $1.17 billion to $1.18 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.24 billion per share, with estimates ranging from $1.20 billion to $1.28 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Suburban Propane Partners, L.P..

Suburban Propane Partners, L.P. (NYSE:SPH) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.48) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.11. The company had revenue of $222.90 million for the quarter, compared to analyst estimates of $221.93 million. Suburban Propane Partners, L.P. had a net margin of 2.46% and a return on equity of 4.09%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.49) earnings per share.

A number of equities analysts have recently commented on the company. ValuEngine downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price on shares of Suburban Propane Partners, L.P. in a report on Friday, July 14th. BidaskClub downgraded Suburban Propane Partners, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Suburban Propane Partners, L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. upgraded Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $32.00 to $27.00 in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.80.

In related news, Director Harold R. Logan, Jr. sold 2,127 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $24.20, for a total transaction of $51,473.40. Following the sale, the director now directly owns 24,074 shares in the company, valued at approximately $582,590.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. OppenheimerFunds Inc. raised its holdings in shares of Suburban Propane Partners, L.P. by 18.6% during the 1st quarter. OppenheimerFunds Inc. now owns 4,614,383 shares of the energy company’s stock valued at $124,404,000 after buying an additional 723,317 shares during the period. Goldman Sachs Group Inc. increased its holdings in Suburban Propane Partners, L.P. by 18.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 967,175 shares of the energy company’s stock worth $23,009,000 after purchasing an additional 150,423 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Suburban Propane Partners, L.P. by 7.1% during the 1st quarter. JPMorgan Chase & Co. now owns 945,351 shares of the energy company’s stock worth $25,486,000 after purchasing an additional 62,323 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Suburban Propane Partners, L.P. by 8.9% during the 1st quarter. Clearbridge Investments LLC now owns 869,630 shares of the energy company’s stock worth $23,445,000 after purchasing an additional 71,000 shares during the last quarter. Finally, Morgan Stanley increased its holdings in Suburban Propane Partners, L.P. by 37.2% during the 1st quarter. Morgan Stanley now owns 618,482 shares of the energy company’s stock worth $16,674,000 after purchasing an additional 167,691 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Shares of Suburban Propane Partners, L.P. (SPH) traded up 0.58% during mid-day trading on Friday, reaching $24.34. 217,592 shares of the company’s stock were exchanged. Suburban Propane Partners, L.P. has a 52 week low of $22.71 and a 52 week high of $34.45. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 52.57 and a beta of 0.65. The stock has a 50 day moving average price of $24.20 and a 200 day moving average price of $24.70.

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Suburban Propane Partners, L.P. Company Profile

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

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