Star Group (NYSE:SGU) Announces Earnings Results

Star Group (NYSE:SGU) announced its quarterly earnings data on Wednesday. The pipeline company reported $0.79 EPS for the quarter, Zacks reports. Star Group had a net margin of 1.99% and a return on equity of 12.01%.

Star Group Stock Performance

Shares of NYSE:SGU traded down $0.11 during midday trading on Wednesday, reaching $12.40. 48,743 shares of the company’s stock traded hands, compared to its average volume of 33,071. Star Group has a one year low of $9.64 and a one year high of $12.93. The stock has a 50 day moving average of $11.72 and a 200 day moving average of $11.64. The company has a market cap of $428.62 million, a price-to-earnings ratio of 21.75 and a beta of 0.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.64 and a current ratio of 0.75.

Star Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, January 27th will be paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Monday, January 27th. Star Group’s dividend payout ratio is currently 121.05%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Star Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th.

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.