Suburban Propane Partners (NYSE:SPH - Get Free Report) issued its quarterly earnings results on Thursday. The energy company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.46), Zacks reports. Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same period in the previous year, the firm posted $0.38 EPS.
Suburban Propane Partners Price Performance
NYSE:SPH traded up $0.27 during trading hours on Monday, hitting $21.37. The stock had a trading volume of 1,093,621 shares, compared to its average volume of 314,780. Suburban Propane Partners has a one year low of $15.20 and a one year high of $21.89. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 20.16 and a beta of 0.51. The company has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $18.37.
Suburban Propane Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th will be given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Tuesday, February 4th. Suburban Propane Partners's dividend payout ratio (DPR) is presently 122.64%.
Insider Buying and Selling
In other news, VP A Davin Dambrosio sold 6,500 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total transaction of $122,850.00. Following the transaction, the vice president now directly owns 76,176 shares of the company's stock, valued at approximately $1,439,726.40. This trade represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Craig Palleschi sold 2,800 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total value of $49,616.00. Following the sale, the vice president now directly owns 21,898 shares of the company's stock, valued at approximately $388,032.56. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
About Suburban Propane Partners
(
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Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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