Equities research analysts expect Suburban Propane Partners LP (NYSE:SPH) to report sales of $528.12 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Suburban Propane Partners’ earnings. The lowest sales estimate is $518.63 million and the highest is $537.60 million. Suburban Propane Partners reported sales of $450.58 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.2%. The company is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Suburban Propane Partners will report full-year sales of $528.12 million for the current year, with estimates ranging from $1.32 billion to $1.35 billion. For the next year, analysts expect that the business will report sales of $1.35 billion per share, with estimates ranging from $1.33 billion to $1.39 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Suburban Propane Partners.
Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, February 8th. The energy company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.28). Suburban Propane Partners had a return on equity of 6.57% and a net margin of 3.27%. The firm had revenue of $373.00 million for the quarter, compared to analyst estimates of $422.16 million. During the same period last year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year.
SPH stock traded up $0.08 during trading on Friday, reaching $22.21. 40,688 shares of the stock were exchanged, compared to its average volume of 258,715. Suburban Propane Partners has a twelve month low of $21.85 and a twelve month high of $27.27. The company has a market cap of $1,358.64, a PE ratio of 31.79, a price-to-earnings-growth ratio of 3.66 and a beta of 0.64. The company has a quick ratio of 0.77, a current ratio of 1.05 and a debt-to-equity ratio of 2.37.
In other Suburban Propane Partners news, Director Harold R. Logan, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $24.33, for a total transaction of $97,320.00. Following the completion of the transaction, the director now owns 21,641 shares in the company, valued at $526,525.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC lifted its stake in Suburban Propane Partners by 2.3% during the fourth quarter. Clearbridge Investments LLC now owns 723,827 shares of the energy company’s stock worth $17,531,000 after purchasing an additional 16,000 shares during the period. Virtu Financial LLC bought a new position in Suburban Propane Partners during the fourth quarter worth about $967,000. MHI Funds LLC bought a new position in Suburban Propane Partners during the fourth quarter worth about $259,000. SeaCrest Wealth Management LLC bought a new position in Suburban Propane Partners during the fourth quarter worth about $451,000. Finally, JPMorgan Chase & Co. lifted its stake in Suburban Propane Partners by 42.3% during the third quarter. JPMorgan Chase & Co. now owns 1,060,051 shares of the energy company’s stock worth $27,455,000 after purchasing an additional 314,973 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.
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About Suburban Propane Partners
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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