Suburban Propane Partners (NYSE:SPH) Releases Earnings Results, Misses Estimates By $0.46 EPS

Suburban Propane Partners (NYSE:SPH) released its quarterly earnings data on Thursday. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46), Zacks reports. Suburban Propane Partners had a net margin of 5.59% and a return on equity of 12.64%. During the same quarter in the prior year, the business earned $0.38 earnings per share.

Suburban Propane Partners Stock Performance

Shares of SPH stock traded up $0.23 during trading hours on Friday, hitting $20.97. 17,471 shares of the company were exchanged, compared to its average volume of 300,065. Suburban Propane Partners has a 52-week low of $15.20 and a 52-week high of $21.89. 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 fifty day simple moving average of $18.86 and a 200 day simple moving average of $18.36. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 18.42 and a beta of 0.50.

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.325 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a yield of 6.20%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 114.04%.

Insider Buying and Selling at Suburban Propane Partners

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total value of $122,850.00. Following the completion of the sale, the vice president now owns 76,176 shares of the company’s stock, valued at $1,439,726.40. This represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total value of $49,616.00. Following the completion of the sale, the vice president now directly owns 21,898 shares of the company’s stock, valued at approximately $388,032.56. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. 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.