Suburban Propane Partners, L.P. (NYSE:SPH) will be releasing its earnings data before the market opens on Thursday, November 16th. Analysts expect Suburban Propane Partners, L.P. to post earnings of ($0.87) per share for the quarter.
Suburban Propane Partners, L.P. (SPH) traded down $0.20 during mid-day trading on Tuesday, reaching $24.89. 460,100 shares of the company’s stock traded hands, compared to its average volume of 319,659. The stock has a market cap of $1,520.00, a PE ratio of 55.76 and a beta of 0.68. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.84 and a quick ratio of 0.57. Suburban Propane Partners, L.P. has a 12-month low of $22.71 and a 12-month high of $32.17.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $2.40 annualized dividend and a yield of 9.64%. Suburban Propane Partners, L.P.’s payout ratio is currently 533.33%.
In other news, Director Harold R. Logan, Jr. sold 2,127 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $24.20, for a total transaction of $51,473.40. Following the completion of the sale, the director now directly owns 24,074 shares of the company’s stock, valued at approximately $582,590.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by insiders.
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Several brokerages have recently issued reports on SPH. Zacks Investment Research raised shares of Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price objective on shares of Suburban Propane Partners, L.P. in a research note on Friday, August 18th. Citigroup Inc. raised shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $32.00 to $27.00 in a research note on Thursday, July 27th. Finally, BidaskClub raised shares of Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $27.00.
Suburban Propane Partners, L.P. Company Profile
Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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