Suburban Propane Partners (SPH) Projected to Post Quarterly Earnings on Thursday

Suburban Propane Partners (NYSE:SPH) is expected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $374.00 million for the quarter.

Suburban Propane Partners Stock Performance

Shares of SPH stock opened at $21.59 on Tuesday. The business’s 50-day moving average price is $18.73 and its 200-day moving average price is $18.30. Suburban Propane Partners has a 12 month low of $15.20 and a 12 month high of $21.71. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.94 and a beta of 0.50.

Suburban Propane Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th will be given a dividend of $0.325 per share. The ex-dividend date is Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.02%. Suburban Propane Partners’s dividend payout ratio is presently 114.04%.

Insider Activity

In other news, VP Craig Palleschi sold 2,800 shares of the company’s stock in a transaction 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 represents a 11.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP A Davin Dambrosio sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the transaction, the vice president now owns 76,176 shares in the company, valued at approximately $1,439,726.40. The trade was a 7.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% 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.