Suburban Propane Partners (SPH) to Release Earnings on Thursday

Suburban Propane Partners (NYSE:SPH - Get Free Report) will announce its earnings results before the market opens on Thursday, November 14th. Investors that are interested in registering for the company's conference call can do so using this link.

Suburban Propane Partners Stock Down 1.1 %

NYSE SPH traded down $0.20 on Wednesday, reaching $18.76. The company had a trading volume of 123,052 shares, compared to its average volume of 222,243. The firm has a market capitalization of $1.20 billion, a PE ratio of 12.51 and a beta of 0.43. Suburban Propane Partners has a 1 year low of $15.20 and a 1 year high of $22.33. The firm has a 50-day moving average of $18.22 and a 200-day moving average of $18.62. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.65 and a quick ratio of 0.45.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date was Tuesday, November 5th. Suburban Propane Partners's dividend payout ratio is presently 86.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SPH shares. Wells Fargo & Company lowered Suburban Propane Partners from an "equal weight" rating to an "underweight" rating and set a $17.00 target price on the stock. in a research report on Friday, August 30th. StockNews.com lowered Suburban Propane Partners from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th.

Insider Activity at Suburban Propane Partners

In related news, Director Harold R. Logan, Jr. sold 2,500 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $17.37, for a total transaction of $43,425.00. Following the sale, the director now directly owns 37,015 shares of the company's stock, valued at approximately $642,950.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Suburban Propane Partners Company Profile

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.