Star Group (SGU) Set to Announce Quarterly Earnings on Wednesday

Star Group (NYSE:SGUGet Rating) will be announcing its earnings results after the market closes on Wednesday, May 4th.

Star Group (NYSE:SGUGet Rating) last posted its quarterly earnings results on Wednesday, February 2nd. The pipeline company reported $0.32 earnings per share for the quarter. The company had revenue of $488.27 million during the quarter. Star Group had a return on equity of 21.37% and a net margin of 3.99%.

NYSE SGU traded down $0.20 during trading on Friday, hitting $10.68. 56,976 shares of the company’s stock traded hands, compared to its average volume of 48,560. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 0.71. The stock has a market capitalization of $402.42 million, a price-to-earnings ratio of 9.29 and a beta of 0.59. Star Group has a 12-month low of $9.58 and a 12-month high of $12.03. The business has a 50 day moving average of $10.73 and a 200-day moving average of $10.65.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 3rd. Stockholders of record on Monday, April 25th will be issued a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.71%. This is an increase from Star Group’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, April 22nd. Star Group’s dividend payout ratio is presently 53.04%.

Hedge funds have recently bought and sold shares of the business. Credit Suisse AG purchased a new position in shares of Star Group during the fourth quarter worth approximately $135,000. Citadel Advisors LLC purchased a new position in shares of Star Group during the second quarter worth approximately $192,000. Goldman Sachs Group Inc. raised its stake in shares of Star Group by 9.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 24,647 shares of the pipeline company’s stock worth $265,000 after acquiring an additional 2,205 shares in the last quarter. Millennium Management LLC raised its stake in shares of Star Group by 39.0% during the fourth quarter. Millennium Management LLC now owns 28,517 shares of the pipeline company’s stock worth $307,000 after acquiring an additional 8,002 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Star Group by 13.1% in the second quarter. Morgan Stanley now owns 74,464 shares of the pipeline company’s stock worth $834,000 after buying an additional 8,638 shares during the period. 34.33% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Star Group Company Profile (Get Rating)

Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis, as well as provide plumbing services; and installs maintains, and repairs heating and air conditioning equipment.

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Earnings History for Star Group (NYSE:SGU)

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