$890.77 Million in Sales Expected for Sprague Resources LP (SRLP) This Quarter
Equities analysts forecast that Sprague Resources LP (NYSE:SRLP) will report sales of $890.77 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sprague Resources’ earnings. The lowest sales estimate is $843.98 million and the highest is $937.55 million. Sprague Resources reported sales of $766.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next earnings report on Friday, March 9th.
On average, analysts expect that Sprague Resources will report full-year sales of $890.77 million for the current year, with estimates ranging from $2.77 billion to $2.86 billion. For the next year, analysts forecast that the company will report sales of $3.27 billion per share, with estimates ranging from $2.93 billion to $3.60 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Sprague Resources.
SRLP has been the subject of several research analyst reports. Zacks Investment Research upgraded Sprague Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub lowered Sprague Resources from a “hold” rating to a “sell” rating in a research report on Saturday, September 23rd.
Sprague Resources (NYSE SRLP) traded up $0.15 during midday trading on Thursday, reaching $23.35. The company’s stock had a trading volume of 24,253 shares, compared to its average volume of 38,535. Sprague Resources has a 1-year low of $22.95 and a 1-year high of $30.75. The company has a current ratio of 2.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.26. The stock has a market cap of $528.65, a PE ratio of 13.46 and a beta of 1.33.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a $0.6225 dividend. This represents a $2.49 annualized dividend and a dividend yield of 10.66%. This is an increase from Sprague Resources’s previous quarterly dividend of $0.61. The ex-dividend date was Friday, November 3rd. Sprague Resources’s payout ratio is presently 139.11%.
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About Sprague Resources
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