Zacks: Analysts Anticipate Suburban Propane Partners, L.P. (SPH) to Post $1.92 Earnings Per Share

Equities research analysts predict that Suburban Propane Partners, L.P. (NYSE:SPH) will post $1.92 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Suburban Propane Partners’ earnings, with the lowest EPS estimate coming in at $1.74 and the highest estimate coming in at $2.10. Suburban Propane Partners reported earnings of $1.36 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Suburban Propane Partners will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.65. For the next financial year, analysts anticipate that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.46 to $1.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Suburban Propane Partners.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings results on Thursday, February 8th. The energy company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.28). The business had revenue of $373.00 million during the quarter, compared to analyst estimates of $422.16 million. Suburban Propane Partners had a return on equity of 6.57% and a net margin of 3.27%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS.

Several analysts recently weighed in on SPH shares. Zacks Investment Research lowered Suburban Propane Partners from a “buy” rating to a “sell” rating in a report on Thursday, October 19th. UBS Group raised Suburban Propane Partners from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $29.00 in a report on Wednesday, January 3rd. Finally, Raymond James Financial raised Suburban Propane Partners from a “market perform” rating to an “outperform” rating and set a $28.00 price objective for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Suburban Propane Partners currently has a consensus rating of “Hold” and an average target price of $27.60.

Shares of Suburban Propane Partners (NYSE SPH) traded up $0.37 during trading on Monday, reaching $24.99. The company had a trading volume of 210,791 shares, compared to its average volume of 328,460. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.77 and a current ratio of 1.05. The company has a market capitalization of $1,510.00, a price-to-earnings ratio of 37.88 and a beta of 0.61. Suburban Propane Partners has a 1 year low of $22.71 and a 1 year high of $30.08.

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 issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 9.60%. The ex-dividend date is Monday, February 5th. Suburban Propane Partners’s dividend payout ratio is currently 363.64%.

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

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Suburban Propane Partners during the fourth quarter valued at approximately $139,000. Legacy Advisors LLC bought a new position in shares of Suburban Propane Partners during the third quarter valued at approximately $190,000. Claraphi Advisory Network LLC bought a new position in shares of Suburban Propane Partners during the fourth quarter valued at approximately $250,000. MHI Funds LLC bought a new position in shares of Suburban Propane Partners during the fourth quarter valued at approximately $259,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Suburban Propane Partners by 31.9% during the second quarter. Ameriprise Financial Inc. now owns 12,008 shares of the energy company’s stock valued at $286,000 after purchasing an additional 2,903 shares during the last quarter. 25.36% of the stock is owned by institutional investors.

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Suburban Propane Partners 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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