Wall Street analysts expect that Spark Energy (NASDAQ:SPKE) will post sales of $213.53 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Spark Energy’s earnings, with estimates ranging from $212.30 million to $214.76 million. Spark Energy reported sales of $194.35 million in the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The business is expected to report its next earnings results on Monday, May 14th.
On average, analysts expect that Spark Energy will report full-year sales of $213.53 million for the current year, with estimates ranging from $845.46 million to $864.30 million. For the next financial year, analysts anticipate that the business will report sales of $887.13 million per share, with estimates ranging from $855.35 million to $918.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Spark Energy.
A number of analysts recently commented on the company. Zacks Investment Research lowered Spark Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, January 5th. BidaskClub raised Spark Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 14th. B. Riley reaffirmed a “hold” rating on shares of Spark Energy in a research note on Monday, March 12th. ValuEngine lowered Spark Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, TheStreet raised Spark Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.79.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were given a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 6.25%. The ex-dividend date of this dividend was Thursday, March 1st. Spark Energy’s dividend payout ratio is currently -152.08%.
Institutional investors have recently made changes to their positions in the business. First Trust Advisors LP purchased a new position in Spark Energy during the fourth quarter valued at $136,000. The Manufacturers Life Insurance Company lifted its position in Spark Energy by 159.5% during the second quarter. The Manufacturers Life Insurance Company now owns 10,716 shares of the utilities provider’s stock valued at $201,000 after buying an additional 6,586 shares during the period. Allianz Asset Management GmbH purchased a new position in Spark Energy during the third quarter valued at $243,000. Stone Ridge Asset Management LLC purchased a new position in Spark Energy during the fourth quarter valued at $243,000. Finally, Nisa Investment Advisors LLC lifted its position in Spark Energy by 42.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,020 shares of the utilities provider’s stock valued at $248,000 after buying an additional 6,000 shares during the period. 33.33% of the stock is owned by institutional investors and hedge funds.
Spark Energy Company Profile
Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.
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