Sprague Resources (NYSE:SRLP) is scheduled to release its earnings data before the market opens on Wednesday, August 7th. Analysts expect Sprague Resources to post earnings of ($0.44) per share for the quarter.
Sprague Resources (NYSE:SRLP) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Sprague Resources had a net margin of 0.94% and a return on equity of 24.31%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.53 billion. On average, analysts expect Sprague Resources to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of SRLP stock traded down $0.06 during trading hours on Wednesday, reaching $18.94. The stock had a trading volume of 10,536 shares, compared to its average volume of 28,176. The stock has a fifty day simple moving average of $18.11. The company has a quick ratio of 1.04, a current ratio of 1.64 and a debt-to-equity ratio of 3.76. Sprague Resources has a 12 month low of $13.76 and a 12 month high of $28.00. The firm has a market capitalization of $430.51 million, a price-to-earnings ratio of 5.99 and a beta of 1.46.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Monday, August 5th will be paid a $0.668 dividend. This is an increase from Sprague Resources’s previous quarterly dividend of $0.65. This represents a $2.67 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date of this dividend is Friday, August 2nd. Sprague Resources’s dividend payout ratio (DPR) is currently 84.49%.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Eisai from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 24th. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th. Finally, Raymond James assumed coverage on shares of Solar Capital in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $22.50 target price on the stock.
Sprague Resources Company Profile
Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers.
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