Suburban Propane Partners (NYSE:SPH) posted its quarterly earnings results on Thursday. The energy company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.28), Briefing.com reports. The firm had revenue of $373.00 million during the quarter, compared to the consensus estimate of $422.16 million. Suburban Propane Partners had a return on equity of 6.35% and a net margin of 3.27%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 earnings per share.

Suburban Propane Partners (NYSE SPH) opened at $24.62 on Friday. The firm has a market cap of $1,540.00, a P/E ratio of 37.30 and a beta of 0.61. Suburban Propane Partners has a 12-month low of $22.71 and a 12-month high of $30.08. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.66 and a quick ratio of 0.41.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.75%. Suburban Propane Partners’s payout ratio is currently 363.64%.

In other Suburban Propane Partners news, VP Sandra N. Zwickel sold 4,175 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $24.10, for a total value of $100,617.50. Following the completion of the transaction, the vice president now directly owns 21,060 shares in the company, valued at $507,546. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Keith P. Onderdonk sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $23.33, for a total transaction of $104,985.00. Following the completion of the transaction, the insider now owns 28,665 shares of the company’s stock, valued at $668,754.45. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 314,973 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Suburban Propane Partners by 18.4% during the second quarter. Goldman Sachs Group Inc. now owns 967,175 shares of the energy company’s stock worth $23,009,000 after acquiring an additional 150,423 shares during the last quarter. ING Groep NV boosted its position in shares of Suburban Propane Partners by 300.2% during the third quarter. ING Groep NV now owns 430,602 shares of the energy company’s stock worth $11,234,000 after acquiring an additional 323,000 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Suburban Propane Partners by 37.6% during the fourth quarter. Bank of Montreal Can now owns 290,255 shares of the energy company’s stock worth $7,030,000 after acquiring an additional 79,345 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its position in shares of Suburban Propane Partners by 13.4% during the third quarter. Atlantic Trust Group LLC now owns 243,153 shares of the energy company’s stock worth $6,344,000 after acquiring an additional 28,800 shares during the last quarter. Hedge funds and other institutional investors own 25.94% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, October 17th. UBS Group upgraded shares of Suburban Propane Partners from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $29.00 in a research report on Wednesday, January 3rd. Finally, Raymond James Financial upgraded shares of Suburban Propane Partners from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Suburban Propane Partners has an average rating of “Hold” and an average target price of $27.60.

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Suburban Propane Partners Company Profile

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.

Earnings History for Suburban Propane Partners (NYSE:SPH)

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