Equities research analysts expect Suburban Propane Partners LP (NYSE:SPH) to post $189.92 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Suburban Propane Partners’ earnings, with estimates ranging from $182.95 million to $196.89 million. Suburban Propane Partners reported sales of $197.11 million during the same quarter last year, which indicates a negative year over year growth rate of 3.6%. The firm is expected to report its next quarterly earnings report on Thursday, November 15th.

According to Zacks, analysts expect that Suburban Propane Partners will report full-year sales of $1.35 billion for the current financial year, with estimates ranging from $1.33 billion to $1.38 billion. For the next year, analysts expect that the business will report sales of $1.45 billion, with estimates ranging from $1.34 billion to $1.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Suburban Propane Partners.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, August 9th. The energy company reported ($0.27) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.20. Suburban Propane Partners had a return on equity of 13.26% and a net margin of 5.69%. The business had revenue of $241.90 million for the quarter, compared to analysts’ expectations of $253.17 million. During the same quarter in the previous year, the business posted ($0.48) EPS. Suburban Propane Partners’s revenue for the quarter was up 8.5% on a year-over-year basis.

Several research firms have recently weighed in on SPH. Zacks Investment Research upgraded Suburban Propane Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. ValuEngine cut Suburban Propane Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Suburban Propane Partners currently has an average rating of “Hold” and an average target price of $27.50.

NYSE:SPH opened at $23.56 on Friday. Suburban Propane Partners has a fifty-two week low of $21.85 and a fifty-two week high of $27.05. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 2.18. The stock has a market cap of $1.44 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 5.04 and a beta of 0.55.

In other Suburban Propane Partners news, CFO Michael Kuglin sold 7,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $24.10, for a total value of $174,725.00. Following the sale, the chief financial officer now owns 62,449 shares in the company, valued at approximately $1,505,020.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jane Swift sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $23.67, for a total value of $35,505.00. Following the completion of the sale, the director now owns 13,581 shares in the company, valued at approximately $321,462.27. The disclosure for this sale can be found here. Insiders sold a total of 16,750 shares of company stock worth $404,790 in the last 90 days. Company insiders own 0.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Selective Wealth Management bought a new stake in Suburban Propane Partners in the 3rd quarter valued at approximately $499,000. Bank of Montreal Can lifted its stake in Suburban Propane Partners by 2.6% in the 3rd quarter. Bank of Montreal Can now owns 332,710 shares of the energy company’s stock valued at $7,829,000 after acquiring an additional 8,573 shares in the last quarter. California Public Employees Retirement System lifted its stake in Suburban Propane Partners by 4.8% in the 2nd quarter. California Public Employees Retirement System now owns 98,466 shares of the energy company’s stock valued at $2,313,000 after acquiring an additional 4,550 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Suburban Propane Partners in the 2nd quarter valued at approximately $148,000. Finally, First Republic Investment Management Inc. bought a new stake in Suburban Propane Partners in the 2nd quarter valued at approximately $465,000. Hedge funds and other institutional investors own 29.39% of the company’s stock.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its 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.

See Also: Diversification

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