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

Suburban Propane Partners (NYSE:SPH) announced its earnings results on Thursday. The energy company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.46), Zacks reports. Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same period in the prior year, the business posted $0.38 EPS.

Suburban Propane Partners Stock Performance

NYSE:SPH opened at $21.05 on Friday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 19.86 and a beta of 0.51. Suburban Propane Partners has a twelve month low of $15.20 and a twelve month high of $21.89. The company has a fifty day moving average of $18.86 and a 200-day moving average of $18.36. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21.

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio (DPR) is 122.64%.

Insider Buying and Selling

In related 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 transaction of $122,850.00. Following the transaction, the vice president now directly owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. This represents a 7.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 21,898 shares of the company’s stock, valued at $388,032.56. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.