Spark Energy Inc (SPKE) Expected to Post Earnings of $0.31 Per Share

Brokerages forecast that Spark Energy Inc (NASDAQ:SPKE) will announce $0.31 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Spark Energy’s earnings. Spark Energy posted earnings per share of $0.52 in the same quarter last year, which would suggest a negative year over year growth rate of 40.4%. The company is scheduled to issue its next earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Spark Energy will report full year earnings of $0.58 per share for the current financial year. For the next fiscal year, analysts forecast that the business will post earnings of $0.94 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Spark Energy.

Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings results on Friday, November 3rd. The utilities provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.17). Spark Energy had a return on equity of 10.49% and a net margin of 1.84%.

Several research analysts recently commented on SPKE shares. Zacks Investment Research raised shares of Spark Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 24th. TheStreet downgraded shares of Spark Energy from a “b” rating to a “c+” rating in a research note on Monday, October 23rd. Janney Montgomery Scott raised shares of Spark Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 1st. B. Riley downgraded shares of Spark Energy from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $23.50 to $17.00 in a research note on Tuesday, November 7th. Finally, ValuEngine downgraded shares of Spark Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.21.

In other Spark Energy news, Director W Keith Maxwell III bought 7,200 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $11.88 per share, for a total transaction of $85,536.00. Following the acquisition, the director now directly owns 952,122 shares in the company, valued at $11,311,209.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gil Melman sold 4,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $12.24, for a total transaction of $48,960.00. Following the transaction, the vice president now owns 29,308 shares in the company, valued at $358,729.92. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 102,750 shares of company stock worth $1,304,516. 66.89% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Heartland Advisors Inc. grew its holdings in Spark Energy by 53.4% during the 4th quarter. Heartland Advisors Inc. now owns 374,350 shares of the utilities provider’s stock worth $4,642,000 after acquiring an additional 130,250 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in Spark Energy by 16.4% during the 4th quarter. Peregrine Capital Management LLC now owns 404,981 shares of the utilities provider’s stock worth $5,022,000 after acquiring an additional 57,186 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Spark Energy by 19.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 328,385 shares of the utilities provider’s stock valued at $4,072,000 after buying an additional 53,421 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Spark Energy by 42.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock valued at $248,000 after buying an additional 6,000 shares in the last quarter. Finally, Crow Point Partners LLC boosted its holdings in shares of Spark Energy by 5.7% in the 4th quarter. Crow Point Partners LLC now owns 1,073,144 shares of the utilities provider’s stock valued at $13,253,000 after buying an additional 57,426 shares in the last quarter. Institutional investors own 35.42% of the company’s stock.

Spark Energy (NASDAQ SPKE) opened at $9.30 on Monday. The company has a market cap of $322.06, a PE ratio of 11.48 and a beta of -1.88. Spark Energy has a 12 month low of $9.20 and a 12 month high of $23.65. The company has a quick ratio of 1.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.69.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 7.80%. The ex-dividend date is Thursday, March 1st. Spark Energy’s payout ratio is 90.12%.

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Spark Energy Company Profile

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.

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