Equities research analysts forecast that Suburban Propane Partners LP (NYSE:SPH) will report sales of $189.92 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Suburban Propane Partners’ earnings, with the highest sales estimate coming in at $196.89 million and the lowest estimate coming in at $182.95 million. Suburban Propane Partners reported sales of $197.11 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The business is scheduled to report its next quarterly earnings results on Thursday, November 15th.

According to Zacks, analysts expect that Suburban Propane Partners will report full year sales of $1.35 billion for the current financial year, with estimates ranging from $1.33 billion to $1.38 billion. For the next year, analysts forecast that the firm will report sales of $1.45 billion per share, with estimates ranging from $1.34 billion to $1.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Suburban Propane Partners.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, August 9th. The energy company reported ($0.27) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.20. Suburban Propane Partners had a return on equity of 13.26% and a net margin of 5.69%. The firm had revenue of $241.90 million for the quarter, compared to analysts’ expectations of $253.17 million. During the same period in the previous year, the firm earned ($0.48) earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year.

Several research firms recently weighed in on SPH. Zacks Investment Research upgraded Suburban Propane Partners from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. ValuEngine lowered Suburban Propane Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.50.

In other Suburban Propane Partners news, Director Jane Swift sold 1,500 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $23.67, for a total value of $35,505.00. Following the sale, the director now directly owns 13,581 shares of the company’s stock, valued at $321,462.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Kuglin sold 7,250 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $24.10, for a total value of $174,725.00. Following the completion of the sale, the chief financial officer now directly owns 62,449 shares in the company, valued at $1,505,020.90. The disclosure for this sale can be found here. Insiders have sold 20,950 shares of company stock worth $503,364 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its holdings in Suburban Propane Partners by 4.8% in the second quarter. California Public Employees Retirement System now owns 98,466 shares of the energy company’s stock worth $2,313,000 after acquiring an additional 4,550 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Suburban Propane Partners in the second quarter worth $148,000. First Republic Investment Management Inc. bought a new stake in Suburban Propane Partners in the second quarter worth $465,000. Van ECK Associates Corp boosted its holdings in Suburban Propane Partners by 10.9% in the second quarter. Van ECK Associates Corp now owns 128,570 shares of the energy company’s stock worth $3,020,000 after acquiring an additional 12,612 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Suburban Propane Partners by 468.4% in the second quarter. Renaissance Technologies LLC now owns 216,067 shares of the energy company’s stock worth $5,075,000 after acquiring an additional 178,057 shares in the last quarter. 29.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SPH traded up $0.06 during mid-day trading on Friday, hitting $22.93. 118,557 shares of the stock traded hands, compared to its average volume of 211,897. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 2.18. Suburban Propane Partners has a 52 week low of $21.85 and a 52 week high of $27.05. The firm has a market capitalization of $1.40 billion, a PE ratio of 32.57, a P/E/G ratio of 4.90 and a beta of 0.57.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 14th. Investors of record on Tuesday, August 7th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $2.40 annualized dividend and a dividend yield of 10.47%. Suburban Propane Partners’s dividend payout ratio is presently 342.86%.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

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