Suburban Propane Partners (NYSE:SPH – Get Rating) is set to announce its earnings results before the market opens on Thursday, August 4th. Investors that are interested in registering for the company’s conference call can do so using this link.
Suburban Propane Partners (NYSE:SPH – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The energy company reported $2.74 earnings per share (EPS) for the quarter. Suburban Propane Partners had a return on equity of 32.56% and a net margin of 10.92%. The firm had revenue of $588.10 million during the quarter.
Suburban Propane Partners Trading Up 0.9 %
Shares of Suburban Propane Partners stock opened at $16.85 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.11 and a quick ratio of 0.84. Suburban Propane Partners has a 1 year low of $13.83 and a 1 year high of $17.75. The company has a market capitalization of $1.06 billion, a P/E ratio of 6.99 and a beta of 0.62. The business has a 50 day moving average price of $16.11 and a 200 day moving average price of $15.86.
Suburban Propane Partners Dividend Announcement
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Tuesday, August 2nd will be issued a $0.325 dividend. The ex-dividend date is Monday, August 1st. This represents a $1.30 annualized dividend and a yield of 7.72%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 53.94%.
Institutional Trading of Suburban Propane Partners
Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in shares of Suburban Propane Partners by 4,041.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 235,298 shares of the energy company’s stock valued at $3,788,000 after buying an additional 229,617 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Suburban Propane Partners by 1.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 40,695 shares of the energy company’s stock valued at $655,000 after buying an additional 676 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Suburban Propane Partners by 7.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 35,208 shares of the energy company’s stock valued at $567,000 after buying an additional 2,400 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Suburban Propane Partners by 5.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,231 shares of the energy company’s stock valued at $503,000 after buying an additional 1,728 shares during the period. Finally, Virtu Financial LLC grew its stake in shares of Suburban Propane Partners by 41.9% during the 1st quarter. Virtu Financial LLC now owns 17,833 shares of the energy company’s stock valued at $287,000 after buying an additional 5,267 shares during the period. 18.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Suburban Propane Partners in a report on Thursday, March 31st. They issued a “buy” rating for the company.
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. 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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