Equities research analysts expect that Sprague Resources LP (NYSE:SRLP) will post earnings per share of $0.04 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sprague Resources’ earnings. Sprague Resources posted earnings of ($0.44) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 109.1%. The company is expected to report its next quarterly earnings results on Monday, November 6th.
According to Zacks, analysts expect that Sprague Resources will report full-year earnings of $4.00 per share for the current year. For the next financial year, analysts anticipate that the company will report earnings of $3.44 per share, with EPS estimates ranging from $3.28 to $3.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Sprague Resources.
Sprague Resources (NYSE:SRLP) last announced its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.40). The firm had revenue of $513.63 million for the quarter, compared to the consensus estimate of $529.66 million. Sprague Resources had a net margin of 1.77% and a return on equity of 29.64%.
SRLP has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Sprague Resources from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub downgraded shares of Sprague Resources from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.
A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in Sprague Resources by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 37,636 shares of the oil and gas company’s stock worth $1,061,000 after acquiring an additional 217 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Sprague Resources by 12.8% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 10,194 shares of the oil and gas company’s stock worth $287,000 after acquiring an additional 1,158 shares during the period. California Public Employees Retirement System raised its position in Sprague Resources by 3.0% during the second quarter. California Public Employees Retirement System now owns 44,300 shares of the oil and gas company’s stock worth $1,249,000 after acquiring an additional 1,300 shares during the period. Creative Planning raised its position in Sprague Resources by 81.8% during the second quarter. Creative Planning now owns 4,570 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 2,056 shares during the period. Finally, Renaissance Technologies LLC raised its position in Sprague Resources by 11.3% during the first quarter. Renaissance Technologies LLC now owns 48,927 shares of the oil and gas company’s stock worth $1,326,000 after acquiring an additional 4,963 shares during the period. Institutional investors own 23.07% of the company’s stock.
Shares of Sprague Resources (SRLP) traded up 1.16% during mid-day trading on Friday, hitting $26.25. 34,631 shares of the stock traded hands. The firm has a 50 day moving average of $25.23 and a 200 day moving average of $26.50. Sprague Resources has a 12 month low of $22.50 and a 12 month high of $30.75. The stock has a market cap of $591.75 million, a price-to-earnings ratio of 13.09 and a beta of 1.38.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be given a dividend of $0.6225 per share. The ex-dividend date of this dividend is Friday, November 3rd. This is a boost from Sprague Resources’s previous quarterly dividend of $0.61. This represents a $2.49 dividend on an annualized basis and a yield of 9.60%. Sprague Resources’s dividend payout ratio is currently 119.70%.
Sprague Resources Company Profile
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