Suburban Propane Partners (NYSE:SPH – Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, May 9th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Suburban Propane Partners (NYSE:SPH – Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The energy company reported $0.38 earnings per share for the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%. The business had revenue of $365.83 million for the quarter.
Suburban Propane Partners Price Performance
Shares of SPH stock opened at $19.75 on Tuesday. Suburban Propane Partners has a fifty-two week low of $14.42 and a fifty-two week high of $22.33. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.42 and a beta of 0.44. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.52 and a current ratio of 0.72. The stock’s 50-day simple moving average is $20.21 and its 200-day simple moving average is $18.80.
Suburban Propane Partners Announces Dividend
Insider Buying and Selling
In related news, SVP Neil Scanlon sold 26,000 shares of Suburban Propane Partners stock in a transaction dated 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 owns 162,129 shares of the company’s stock, valued at $3,133,953.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on SPH. Mizuho lowered Suburban Propane Partners from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $16.00 to $17.00 in a research note on Monday, January 29th. StockNews.com lowered Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th.
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.
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