Star Group (NYSE:SGU – Get Free Report) issued its quarterly earnings results on Wednesday. The pipeline company reported $1.56 earnings per share for the quarter, Zacks reports. The business had revenue of $666.03 million during the quarter. Star Group had a return on equity of 11.07% and a net margin of 1.72%.
Star Group Stock Performance
Shares of SGU stock traded down $0.02 during trading on Thursday, reaching $11.48. The company had a trading volume of 6,650 shares, compared to its average volume of 36,974. The firm’s 50 day simple moving average is $10.70 and its two-hundred day simple moving average is $11.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.56. Star Group has a one year low of $9.90 and a one year high of $15.22. The company has a market capitalization of $408.34 million, a PE ratio of 22.08 and a beta of 0.43.
Star Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Monday, April 29th will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from Star Group’s previous quarterly dividend of $0.16. This represents a $0.69 dividend on an annualized basis and a dividend yield of 6.01%. Star Group’s dividend payout ratio (DPR) is 132.69%.
Analyst Upgrades and Downgrades
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About Star Group
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.
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