$89.19 Million in Sales Expected for StoneMor Partners L.P. (STON) This Quarter

Equities research analysts expect that StoneMor Partners L.P. (NYSE:STON) will announce sales of $89.19 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for StoneMor Partners’ earnings, with estimates ranging from $85.12 million to $93.25 million. The company is expected to issue its next earnings results on Friday, April 27th.

According to Zacks, analysts expect that StoneMor Partners will report full-year sales of $89.19 million for the current fiscal year, with estimates ranging from $338.06 million to $346.18 million. For the next year, analysts forecast that the firm will report sales of $353.79 million per share, with estimates ranging from $348.63 million to $358.94 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover StoneMor Partners.

StoneMor Partners (NYSE:STON) last issued its earnings results on Friday, January 26th. The company reported ($0.25) EPS for the quarter. StoneMor Partners had a negative net margin of 10.42% and a negative return on equity of 22.16%. The business had revenue of $84.03 million for the quarter. During the same quarter last year, the company posted ($0.28) EPS.

Several analysts have commented on the company. BidaskClub upgraded StoneMor Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. B. Riley cut their target price on StoneMor Partners from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.00.

In other news, major shareholder Value Equity Holdings Oaktree purchased 60,000 shares of the stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $5.12 per share, with a total value of $307,200.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Value Equity Fund Gp L. Oaktree purchased 100,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average cost of $5.40 per share, for a total transaction of $540,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 266,533 shares of company stock worth $1,406,211 over the last three months. Insiders own 9.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STON. Benchmark Capital Advisors bought a new position in StoneMor Partners in the 4th quarter worth $115,000. Chessman Wealth Strategies RIA bought a new position in StoneMor Partners in the 4th quarter worth $118,000. Virtu Financial LLC bought a new position in StoneMor Partners in the 4th quarter worth $131,000. The Manufacturers Life Insurance Company raised its holdings in StoneMor Partners by 1,652.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,246 shares of the company’s stock worth $153,000 after purchasing an additional 15,319 shares during the period. Finally, Virtu KCG Holdings LLC raised its holdings in StoneMor Partners by 5.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 24,718 shares of the company’s stock worth $234,000 after purchasing an additional 1,236 shares during the period. 29.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of StoneMor Partners (STON) opened at $6.01 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 2.23 and a current ratio of 2.23. StoneMor Partners has a 52 week low of $4.61 and a 52 week high of $11.45. The company has a market capitalization of $226.99, a price-to-earnings ratio of -7.07 and a beta of 0.33.

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StoneMor Partners Company Profile

StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.

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