Suburban Propane Partners (SPH) to Release Earnings on Thursday

Suburban Propane Partners (NYSE:SPH) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Suburban Propane Partners to post earnings of $0.76 per share and revenue of $374.00 million for the quarter.

Suburban Propane Partners Trading Up 2.2 %

Suburban Propane Partners stock opened at $21.59 on Tuesday. The firm’s 50-day moving average is $18.73 and its 200-day moving average is $18.30. 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 1 year low of $15.20 and a 1 year high of $21.71. The company has a market cap of $1.39 billion, a P/E ratio of 18.94 and a beta of 0.50.

Suburban Propane Partners Announces Dividend

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

Insider Buying and Selling

In related news, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total transaction of $49,616.00. Following the transaction, the vice president now directly owns 21,898 shares in the company, 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. Corporate insiders own 2.10% of the company’s stock.

About Suburban Propane Partners

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.