Equities analysts expect StoneMor Partners L.P. (NYSE:STON) to report sales of $89.19 million for the current quarter, Zacks reports. Two analysts have made estimates for StoneMor Partners’ earnings, with the highest sales estimate coming in at $93.25 million and the lowest estimate coming in at $85.12 million. The company is expected to issue its next earnings report on Friday, April 27th.
On average, analysts expect that StoneMor Partners will report full-year sales of $89.19 million for the current year, with estimates ranging from $338.06 million to $346.18 million. For the next financial year, analysts anticipate that the business will post sales of $353.79 million per share, with estimates ranging from $348.63 million to $358.94 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for StoneMor Partners.
StoneMor Partners (NYSE:STON) last announced its quarterly earnings data on Friday, January 26th. The company reported ($0.25) earnings per share for the quarter. StoneMor Partners had a negative return on equity of 22.16% and a negative net margin of 10.42%. The firm had revenue of $84.03 million during the quarter. During the same period in the prior year, the business posted ($0.28) earnings per share.
Separately, B. Riley reduced their target price on StoneMor Partners from $11.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.00.
Shares of StoneMor Partners (STON) traded up $0.08 on Friday, reaching $6.09. The company had a trading volume of 45,450 shares, compared to its average volume of 199,401. StoneMor Partners has a 52 week low of $4.61 and a 52 week high of $10.15. The stock has a market cap of $231.16, a price-to-earnings ratio of -7.16 and a beta of 0.04. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 2.24.
In other news, major shareholder Value Equity Holdings Oaktree bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $5.12 per share, for a total transaction of $307,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Fund Gp I. L.P. Oaktree bought 12,373 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average price of $6.00 per share, with a total value of $74,238.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 400,706 shares of company stock valued at $2,203,351. Corporate insiders own 9.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Benchmark Capital Advisors bought a new stake in StoneMor Partners in the fourth quarter valued at approximately $115,000. Chessman Wealth Strategies RIA purchased a new position in shares of StoneMor Partners during the fourth quarter valued at approximately $118,000. Virtu Financial LLC purchased a new position in shares of StoneMor Partners during the fourth quarter valued at approximately $131,000. The Manufacturers Life Insurance Company increased its stake in shares of StoneMor Partners by 1,652.5% during the second quarter. The Manufacturers Life Insurance Company now owns 16,246 shares of the company’s stock valued at $153,000 after buying an additional 15,319 shares during the period. Finally, Csenge Advisory Group purchased a new position in shares of StoneMor Partners during the third quarter valued at approximately $249,000. Institutional investors own 41.62% of the company’s stock.
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StoneMor Partners Company Profile
StoneMor Partners L.P. owns and operates cemeteries and funeral homes. The Company operates through two segments: Cemetery Operations and Funeral Homes. Its Cemetery Operations segment sells interment rights, caskets, burial vaults, cremation niches, markers and other cemetery related merchandise. Its Funeral Homes segment offers a range of services, including family consultation, final expense insurance products, the removal and preparation of remains, provision of caskets and related funeral merchandise, the use of funeral home facilities for visitation, worship and performance of funeral services, and transportation services.
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