Suburban Propane Partners (SPH) Scheduled to Post Quarterly Earnings on Thursday

Suburban Propane Partners (NYSE:SPH) will announce its earnings results before the market opens on Thursday, May 9th. Investors interested in registering for the company’s conference call can do so using this link.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 8th. The energy company reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $365.83 million during the quarter. Suburban Propane Partners had a net margin of 7.36% and a return on equity of 17.97%.

Suburban Propane Partners Price Performance

NYSE:SPH opened at $19.86 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.72 and a debt-to-equity ratio of 2.26. Suburban Propane Partners has a 52 week low of $14.42 and a 52 week high of $22.33. The business’s 50-day simple moving average is $20.20 and its two-hundred day simple moving average is $18.82. The stock has a market cap of $1.27 billion, a PE ratio of 12.49 and a beta of 0.44.

Suburban Propane Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.325 per share. The ex-dividend date is Monday, May 6th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.55%. Suburban Propane Partners’s dividend payout ratio is currently 81.76%.

Analyst Ratings Changes

SPH has been the topic of several analyst reports. Mizuho downgraded Suburban Propane Partners from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $16.00 to $17.00 in a research report on Monday, January 29th. StockNews.com downgraded Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th.

Insider Buying and Selling

In related news, SVP Neil Scanlon sold 26,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $19.33, for a total transaction of $502,580.00. Following the completion of the sale, the senior vice president now directly owns 162,129 shares in the company, valued at approximately $3,133,953.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

About Suburban Propane Partners

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.