Zacks: Analysts Anticipate Suburban Propane Partners, L.P. (SPH) Will Announce Earnings of -$0.87 Per Share

Equities research analysts expect Suburban Propane Partners, L.P. (NYSE:SPH) to post earnings per share of ($0.87) for the current quarter, according to Zacks. Two analysts have made estimates for Suburban Propane Partners, L.P.’s earnings, with the lowest EPS estimate coming in at ($0.92) and the highest estimate coming in at ($0.82). Suburban Propane Partners, L.P. reported earnings per share of ($0.99) in the same quarter last year, which indicates a positive year over year growth rate of 12.1%. The company is expected to issue its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that Suburban Propane Partners, L.P. will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.57 to $0.62. For the next financial year, analysts anticipate that the business will report earnings of $1.56 per share, with EPS estimates ranging from $1.33 to $1.84. Zacks’ EPS averages are an average based on a survey of research analysts that cover Suburban Propane Partners, L.P..

Suburban Propane Partners, L.P. (NYSE:SPH) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.48) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.11. The business had revenue of $222.90 million for the quarter, compared to analyst estimates of $221.93 million. Suburban Propane Partners, L.P. had a net margin of 2.46% and a return on equity of 4.09%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.49) EPS.

Several brokerages have recently commented on SPH. Zacks Investment Research upgraded Suburban Propane Partners, L.P. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, September 30th. Stifel Nicolaus restated a “hold” rating and set a $25.00 target price on shares of Suburban Propane Partners, L.P. in a report on Friday, August 18th. Citigroup Inc. upgraded Suburban Propane Partners, L.P. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $32.00 to $27.00 in a report on Thursday, July 27th. Finally, BidaskClub upgraded Suburban Propane Partners, L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.00.

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Shares of Suburban Propane Partners, L.P. (NYSE SPH) traded down 0.27% on Monday, hitting $26.22. 124,206 shares of the stock traded hands. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 56.63 and a beta of 0.64. The company’s 50 day moving average is $24.73 and its 200 day moving average is $24.75. Suburban Propane Partners, L.P. has a one year low of $22.71 and a one year high of $34.44.

In other news, Director Harold R. Logan, Jr. sold 2,127 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $24.20, for a total transaction of $51,473.40. Following the sale, the director now owns 24,074 shares in the company, valued at $582,590.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL boosted its holdings in Suburban Propane Partners, L.P. by 1.8% in the second quarter. Blair William & Co. IL now owns 49,010 shares of the energy company’s stock valued at $1,166,000 after acquiring an additional 845 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Suburban Propane Partners, L.P. by 10.1% in the second quarter. Advisors Asset Management Inc. now owns 41,743 shares of the energy company’s stock valued at $993,000 after acquiring an additional 3,814 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Suburban Propane Partners, L.P. by 14.3% in the second quarter. Rafferty Asset Management LLC now owns 124,620 shares of the energy company’s stock valued at $2,965,000 after acquiring an additional 15,609 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Suburban Propane Partners, L.P. by 27.6% in the first quarter. Goldman Sachs Group Inc. now owns 816,752 shares of the energy company’s stock valued at $22,020,000 after acquiring an additional 176,872 shares during the last quarter. Finally, Investment Centers of America Inc. boosted its holdings in Suburban Propane Partners, L.P. by 5.1% in the first quarter. Investment Centers of America Inc. now owns 11,520 shares of the energy company’s stock valued at $312,000 after acquiring an additional 563 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

About Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

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