Suburban Propane Partners (SPH) Set to Announce Earnings on Thursday

Suburban Propane Partners (NYSE:SPHGet Rating) will be issuing its quarterly earnings data before the market opens on Thursday, May 5th. Parties that wish to listen to the company’s conference call can do so using this link.

Suburban Propane Partners (NYSE:SPHGet Rating) last announced its quarterly earnings results on Thursday, February 3rd. The energy company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $375.41 million for the quarter. Suburban Propane Partners had a return on equity of 23.56% and a net margin of 7.81%.

Shares of NYSE:SPH opened at $16.61 on Thursday. The company has a market cap of $1.05 billion, a P/E ratio of 9.83 and a beta of 0.66. The company has a debt-to-equity ratio of 2.72, a current ratio of 0.80 and a quick ratio of 0.55. Suburban Propane Partners has a 1 year low of $13.83 and a 1 year high of $17.52. The stock’s fifty day moving average price is $15.75 and its 200-day moving average price is $15.30.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 10th. Stockholders of record on Tuesday, May 3rd will be issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date is Monday, May 2nd. Suburban Propane Partners’s payout ratio is currently 76.92%.

A number of analysts recently commented on SPH shares. Zacks Investment Research cut Suburban Propane Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 12th. StockNews.com started coverage on Suburban Propane Partners in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, TheStreet upgraded Suburban Propane Partners from a “c+” rating to a “b-” rating in a research report on Wednesday, January 26th.

A number of institutional investors have recently bought and sold shares of SPH. BNP Paribas Arbitrage SA purchased a new stake in Suburban Propane Partners in the fourth quarter worth about $83,000. Virtu Financial LLC purchased a new stake in Suburban Propane Partners in the fourth quarter worth about $184,000. Stifel Financial Corp increased its position in Suburban Propane Partners by 6.0% in the fourth quarter. Stifel Financial Corp now owns 22,085 shares of the energy company’s stock worth $324,000 after buying an additional 1,245 shares in the last quarter. Royal Bank of Canada increased its position in Suburban Propane Partners by 200.3% in the third quarter. Royal Bank of Canada now owns 55,832 shares of the energy company’s stock worth $856,000 after buying an additional 37,243 shares in the last quarter. Finally, LPL Financial LLC increased its position in Suburban Propane Partners by 4.4% in the third quarter. LPL Financial LLC now owns 63,818 shares of the energy company’s stock worth $980,000 after buying an additional 2,696 shares in the last quarter. Institutional investors own 22.52% of the company’s stock.

About Suburban Propane Partners (Get Rating)

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

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Earnings History for Suburban Propane Partners (NYSE:SPH)

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