Suburban Propane Partners (NYSE:SPH) Announces Earnings Results

Suburban Propane Partners (NYSE:SPH) released its earnings results on Thursday. The energy company reported $0.30 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the business earned $0.38 earnings per share.

Suburban Propane Partners Trading Up 1.5 %

Shares of SPH opened at $21.05 on Friday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51. Suburban Propane Partners has a 52-week low of $15.20 and a 52-week high of $21.89. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 19.86 and a beta of 0.51. The business’s fifty day moving average is $18.86 and its 200-day moving average is $18.36.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th will be issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date is Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is presently 122.64%.

Insider Activity at Suburban Propane Partners

In related news, VP A Davin Dambrosio sold 6,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total transaction of $122,850.00. Following the sale, the vice president now owns 76,176 shares of the company’s stock, valued at $1,439,726.40. This trade represents a 7.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Craig Palleschi sold 2,800 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total value of $49,616.00. Following the completion of the transaction, the vice president now directly owns 21,898 shares of the company’s stock, valued at approximately $388,032.56. The trade was a 11.34 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.