Spark Energy, Inc. (SPKE) Expected to Announce Quarterly Sales of $232.64 Million

Wall Street analysts expect that Spark Energy, Inc. (NASDAQ:SPKE) will post sales of $232.64 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Spark Energy’s earnings, with the highest sales estimate coming in at $245.58 million and the lowest estimate coming in at $219.70 million. Spark Energy posted sales of $168.68 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 37.9%. The company is expected to issue its next earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Spark Energy will report full-year sales of $232.64 million for the current fiscal year, with estimates ranging from $781.00 million to $808.86 million. For the next year, analysts anticipate that the business will post sales of $901.61 million per share, with estimates ranging from $879.60 million to $923.61 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Spark Energy.

SPKE has been the subject of a number of research reports. TheStreet downgraded Spark Energy from a “b” rating to a “c+” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded Spark Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Janney Montgomery Scott raised Spark Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 1st. ValuEngine raised Spark Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, B. Riley downgraded Spark Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $23.50 to $17.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.21.

In related news, Director W Keith Maxwell III bought 47,779 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $15.26 per share, with a total value of $729,107.54. Following the completion of the transaction, the director now directly owns 743,959 shares of the company’s stock, valued at $11,352,814.34. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gil Melman sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $15.89, for a total value of $63,560.00. Following the completion of the sale, the vice president now directly owns 33,308 shares of the company’s stock, valued at approximately $529,264.12. The disclosure for this sale can be found here. Insiders bought 160,719 shares of company stock valued at $2,550,672 in the last ninety days. Company insiders own 66.89% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SPKE. JPMorgan Chase & Co. lifted its stake in shares of Spark Energy by 7.0% in the third quarter. JPMorgan Chase & Co. now owns 1,312,194 shares of the utilities provider’s stock worth $19,813,000 after acquiring an additional 85,764 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Spark Energy by 118.4% in the second quarter. Vanguard Group Inc. now owns 1,220,209 shares of the utilities provider’s stock worth $22,941,000 after acquiring an additional 661,547 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Spark Energy by 108.7% in the second quarter. American Century Companies Inc. now owns 1,065,211 shares of the utilities provider’s stock worth $20,026,000 after acquiring an additional 554,707 shares in the last quarter. Crow Point Partners LLC lifted its stake in shares of Spark Energy by 68.1% in the second quarter. Crow Point Partners LLC now owns 1,022,954 shares of the utilities provider’s stock worth $20,203,000 after acquiring an additional 414,395 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Spark Energy by 90.6% in the second quarter. LSV Asset Management now owns 823,992 shares of the utilities provider’s stock worth $15,491,000 after acquiring an additional 391,646 shares in the last quarter. 36.71% of the stock is owned by institutional investors.

Shares of Spark Energy (NASDAQ:SPKE) opened at $12.05 on Friday. Spark Energy has a 1 year low of $11.54 and a 1 year high of $23.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.34 and a current ratio of 1.63. The stock has a market capitalization of $429.42, a PE ratio of 15.86 and a beta of -1.61.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Wednesday, November 29th will be given a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Tuesday, November 28th. Spark Energy’s payout ratio is 90.12%.

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Spark Energy Company Profile

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers across the United States with an alternative choice for their natural gas and electricity. The Company operates through two segments: Retail Natural Gas Segment and Retail Electricity Segment.

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Earnings History and Estimates for Spark Energy (NASDAQ:SPKE)

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