Equities research analysts predict that Spark Energy Inc (NASDAQ:SPKE) will report $240.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Spark Energy’s earnings, with the highest sales estimate coming in at $241.48 million and the lowest estimate coming in at $239.90 million. Spark Energy posted sales of $215.54 million in the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The business is scheduled to announce its next quarterly earnings results on Friday, November 2nd.

According to Zacks, analysts expect that Spark Energy will report full year sales of $1.00 billion for the current year. For the next fiscal year, analysts expect that the firm will report sales of $1.02 billion per share, with estimates ranging from $998.50 million to $1.04 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Spark Energy.

Spark Energy (NASDAQ:SPKE) last announced its earnings results on Thursday, August 2nd. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $232.25 million during the quarter, compared to analysts’ expectations of $200.33 million. Spark Energy had a net margin of 1.10% and a return on equity of 8.44%.

A number of equities analysts have issued reports on SPKE shares. BidaskClub upgraded shares of Spark Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 26th. B. Riley set a $11.00 target price on shares of Spark Energy and gave the stock a “hold” rating in a research report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.50.

SPKE traded down $0.15 during midday trading on Tuesday, reaching $8.10. 230,895 shares of the company’s stock were exchanged, compared to its average volume of 115,543. The company has a current ratio of 2.20, a quick ratio of 2.18 and a debt-to-equity ratio of 1.01. The stock has a market cap of $282.51 million, a P/E ratio of -16.88 and a beta of -1.95. Spark Energy has a 1-year low of $7.95 and a 1-year high of $16.15.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 13th. Shareholders of record on Thursday, August 30th were given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date was Wednesday, August 29th. Spark Energy’s payout ratio is currently -152.08%.

In other news, Director W Keith Maxwell III purchased 5,000 shares of the stock in a transaction dated Wednesday, September 19th. The stock was acquired at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the acquisition, the director now directly owns 996,222 shares in the company, valued at approximately $8,218,831.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Gil Melman sold 15,862 shares of Spark Energy stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $8.75, for a total transaction of $138,792.50. Following the sale, the vice president now owns 1,100 shares of the company’s stock, valued at $9,625. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,223 shares of company stock valued at $597,922. 66.89% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its holdings in shares of Spark Energy by 175.5% during the second quarter. Millennium Management LLC now owns 574,173 shares of the utilities provider’s stock worth $5,598,000 after buying an additional 365,786 shares in the last quarter. Covalis Capital LLP purchased a new stake in shares of Spark Energy during the second quarter worth about $812,000. Baird Financial Group Inc. purchased a new stake in shares of Spark Energy during the second quarter worth about $138,000. Citadel Advisors LLC purchased a new stake in shares of Spark Energy during the second quarter worth about $118,000. Finally, BlackRock Inc. grew its holdings in shares of Spark Energy by 2.9% during the second quarter. BlackRock Inc. now owns 967,722 shares of the utilities provider’s stock worth $9,435,000 after buying an additional 27,423 shares in the last quarter. Institutional investors and hedge funds own 32.49% of the company’s stock.

About Spark Energy

Spark Energy, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company is involved in the retail distribution of electricity and natural gas to residential, commercial, and industrial customers.

Featured Article: Outstanding Shares and The Effect on Share Price

Get a free copy of the Zacks research report on Spark Energy (SPKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Spark Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark Energy and related companies with MarketBeat.com's FREE daily email newsletter.