Equities research analysts expect Suburban Propane Partners LP (NYSE:SPH) to post earnings per share of ($0.84) for the current quarter, according to Zacks. Two analysts have issued estimates for Suburban Propane Partners’ earnings, with the highest EPS estimate coming in at ($0.80) and the lowest estimate coming in at ($0.86). Suburban Propane Partners posted earnings of ($0.83) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The firm is expected to issue its next quarterly earnings results on Thursday, November 15th.

According to Zacks, analysts expect that Suburban Propane Partners will report full year earnings of $1.17 per share for the current year, with EPS estimates ranging from $1.07 to $1.22. For the next year, analysts expect that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.43 to $1.70. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Suburban Propane Partners.

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

SPH has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Suburban Propane Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine cut shares of Suburban Propane Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $27.50.

In other news, CFO Michael Kuglin sold 7,250 shares of Suburban Propane Partners stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $24.10, for a total transaction of $174,725.00. Following the sale, the chief financial officer now owns 62,449 shares of the company’s stock, valued at $1,505,020.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Douglas Brinkworth sold 8,000 shares of Suburban Propane Partners stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $24.32, for a total value of $194,560.00. Following the sale, the insider now directly owns 72,437 shares in the company, valued at approximately $1,761,667.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,750 shares of company stock worth $404,790. Corporate insiders own 0.64% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gables Capital Management Inc. bought a new stake in shares of Suburban Propane Partners during the first quarter valued at approximately $114,000. Centaurus Financial Inc. bought a new stake in shares of Suburban Propane Partners during the second quarter valued at approximately $148,000. BNP Paribas Arbitrage SA raised its holdings in shares of Suburban Propane Partners by 402.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,980 shares of the energy company’s stock valued at $154,000 after buying an additional 5,590 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of Suburban Propane Partners by 800.0% during the second quarter. Trust Co. of Vermont now owns 9,000 shares of the energy company’s stock valued at $211,000 after buying an additional 8,000 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Suburban Propane Partners during the first quarter valued at approximately $210,000. 29.39% of the stock is currently owned by institutional investors.

NYSE SPH traded down $0.01 during trading hours on Monday, reaching $23.43. The company’s stock had a trading volume of 214 shares, compared to its average volume of 157,111. 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 stock has a market capitalization of $1.43 billion, a P/E ratio of 33.57, a P/E/G ratio of 5.00 and a beta of 0.57.

About Suburban Propane Partners

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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