Star Group (NYSE:SGU) Issues Earnings Results

Star Group (NYSE:SGU - Get Free Report) released its quarterly earnings results on Wednesday. The pipeline company reported $0.79 earnings per share (EPS) for the quarter, Zacks reports. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Stock Performance

SGU stock traded down $0.19 during mid-day trading on Friday, reaching $12.24. 11,747 shares of the stock traded hands, compared to its average volume of 33,740. The firm has a market capitalization of $423.26 million, a PE ratio of 11.77 and a beta of 0.48. The business has a 50-day moving average of $11.70 and a two-hundred day moving average of $11.66. Star Group has a 52 week low of $9.64 and a 52 week high of $12.99. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 0.63.

Star Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend was Monday, January 27th. Star Group's dividend payout ratio is 66.35%.

Analysts Set New Price Targets

Separately, StockNews.com raised Star Group from a "buy" rating to a "strong-buy" rating in a research report on Friday.

Star Group Company Profile

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.