Zacks: Analysts Anticipate Sprague Resources LP (SRLP) Will Post Quarterly Sales of $916.30 Million
Analysts expect Sprague Resources LP (NYSE:SRLP) to post sales of $916.30 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sprague Resources’ earnings, with estimates ranging from $895.05 million to $937.55 million. Sprague Resources reported sales of $766.83 million in the same quarter last year, which indicates a positive year-over-year growth rate of 19.5%. The company is scheduled to report its next quarterly earnings report on Friday, March 9th.
According to Zacks, analysts expect that Sprague Resources will report full-year sales of $916.30 million for the current year, with estimates ranging from $2.82 billion to $2.86 billion. For the next year, analysts expect that the business will post sales of $3.27 billion per share, with estimates ranging from $2.94 billion to $3.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Sprague Resources.
Several analysts recently commented on the company. B. Riley set a $29.00 target price on Sprague Resources and gave the company a “buy” rating in a report on Monday, December 18th. BidaskClub upgraded Sprague Resources from a “sell” rating to a “hold” rating in a report on Friday, October 6th. Finally, Zacks Investment Research cut Sprague Resources from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.67.
Shares of Sprague Resources (NYSE SRLP) opened at $24.75 on Friday. Sprague Resources has a twelve month low of $22.95 and a twelve month high of $30.75. The company has a market capitalization of $542.40, a P/E ratio of 13.83 and a beta of 1.33. The company has a quick ratio of 1.16, a current ratio of 2.35 and a debt-to-equity ratio of 0.26.
About Sprague Resources
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