Star Group (NYSE:SGU) Releases Earnings Results

Star Group (NYSE:SGU) released its quarterly earnings results on Wednesday. The pipeline company reported $0.79 EPS for the quarter, Zacks reports. Star Group had a return on equity of 12.01% and a net margin of 1.99%.

Star Group Price Performance

SGU opened at $12.40 on Thursday. The firm has a market cap of $428.62 million, a price-to-earnings ratio of 21.75 and a beta of 0.48. Star Group has a 12-month low of $9.64 and a 12-month high of $12.93. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 0.71. The stock’s 50-day moving average price is $11.71 and its 200 day moving average price is $11.64.

Star Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, January 27th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date was Monday, January 27th. Star Group’s dividend payout ratio is presently 121.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Star Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th.

About Star Group

Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.