Suburban Propane Partners, L.P. (SPH) Expected to Announce Quarterly Sales of $367.09 Million

Equities analysts expect that Suburban Propane Partners, L.P. (NYSE:SPH) will report $367.09 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Suburban Propane Partners’ earnings, with estimates ranging from $360.71 million to $373.47 million. Suburban Propane Partners reported sales of $317.31 million in the same quarter last year, which would suggest a positive year over year growth rate of 15.7%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that Suburban Propane Partners will report full-year sales of $367.09 million for the current fiscal year, with estimates ranging from $1.18 billion to $1.30 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.32 billion per share, with estimates ranging from $1.28 billion to $1.37 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Suburban Propane Partners.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings data on Thursday, November 16th. The energy company reported ($0.83) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.87) by $0.04. Suburban Propane Partners had a return on equity of 5.81% and a net margin of 3.20%. The firm had revenue of $197.11 million during the quarter, compared to the consensus estimate of $187.97 million. During the same period in the prior year, the company earned ($0.99) EPS. The firm’s revenue was up 22.4% compared to the same quarter last year.

Several research analysts recently commented on the company. Zacks Investment Research raised Suburban Propane Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, November 28th. UBS Group raised Suburban Propane Partners from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $29.00 in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $27.50.

In other Suburban Propane Partners news, VP Sandra N. Zwickel sold 4,175 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $24.10, for a total value of $100,617.50. Following the completion of the sale, the vice president now directly owns 21,060 shares of the company’s stock, valued at approximately $507,546. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keith P. Onderdonk sold 4,500 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $23.33, for a total value of $104,985.00. Following the completion of the sale, the insider now directly owns 28,665 shares of the company’s stock, valued at $668,754.45. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in shares of Suburban Propane Partners by 18.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 967,175 shares of the energy company’s stock worth $23,009,000 after acquiring an additional 150,423 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Suburban Propane Partners by 42.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,060,051 shares of the energy company’s stock worth $27,455,000 after acquiring an additional 314,973 shares during the last quarter. Atlantic Trust Group LLC increased its stake in shares of Suburban Propane Partners by 13.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 243,153 shares of the energy company’s stock worth $6,344,000 after acquiring an additional 28,800 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Suburban Propane Partners by 16.2% in the 2nd quarter. Wells Fargo & Company MN now owns 165,026 shares of the energy company’s stock worth $3,926,000 after acquiring an additional 23,019 shares during the last quarter. Finally, MHI Funds LLC acquired a new stake in shares of Suburban Propane Partners in the 4th quarter worth $259,000. 25.95% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners (NYSE:SPH) opened at $25.26 on Friday. Suburban Propane Partners has a 52 week low of $22.71 and a 52 week high of $31.00. The company has a quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $1,550.00, a price-to-earnings ratio of 40.74 and a beta of 0.64.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 9.50%. The ex-dividend date of this dividend is Monday, February 5th. Suburban Propane Partners’s dividend payout ratio is currently 387.10%.

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About Suburban Propane Partners

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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