Suburban Propane Partners, L.P. (NYSE:SPH) issued its earnings results on Thursday. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $0.04, reports. The firm had revenue of $197.11 million for the quarter, compared to the consensus estimate of $187.97 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 was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.99) earnings per share.

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) traded up $0.16 during trading on Friday, reaching $24.50. 178,670 shares of the company were exchanged, compared to its average volume of 318,307. The company has a market capitalization of $1,490.00, a P/E ratio of 54.44 and a beta of 0.68. Suburban Propane Partners, L.P. has a 12 month low of $22.71 and a 12 month high of $32.17. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 1.94.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 6th. This represents a $2.40 dividend on an annualized basis and a yield of 9.80%. Suburban Propane Partners, L.P.’s dividend payout ratio (DPR) is 533.33%.

Several research analysts have recently issued reports on SPH shares. Zacks Investment Research upgraded shares of Suburban Propane Partners, L.P. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, October 17th. Citigroup Inc. upgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $32.00 to $27.00 in a research report on Thursday, July 27th. BidaskClub upgraded shares of Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective on shares of Suburban Propane Partners, L.P. in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.00.

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In related news, Director Harold R. Logan, Jr. sold 2,127 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $24.20, for a total transaction of $51,473.40. Following the transaction, the director now owns 24,074 shares in the company, valued at $582,590.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.

About Suburban Propane Partners, L.P.

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.

Earnings History for Suburban Propane Partners, L.P. (NYSE:SPH)

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