Suburban Propane Partners (SPH) to Release Earnings on Thursday

Suburban Propane Partners (NYSE:SPH) is expected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Suburban Propane Partners to post earnings of $0.76 per share and revenue of $374.00 million for the quarter.

Suburban Propane Partners Trading Up 2.2 %

NYSE SPH opened at $21.59 on Tuesday. The stock has a market cap of $1.39 billion, a P/E ratio of 18.94 and a beta of 0.50. The company’s fifty day simple moving average is $18.73 and its 200-day simple moving average is $18.30. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21. Suburban Propane Partners has a 52 week low of $15.20 and a 52 week high of $21.71.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th will be issued a $0.325 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.02%. Suburban Propane Partners’s dividend payout ratio is presently 114.04%.

Insider Activity at Suburban Propane Partners

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction of $122,850.00. Following the sale, the vice president now directly owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. This represents a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Craig Palleschi sold 2,800 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total transaction of $49,616.00. Following the completion of the transaction, the vice president now owns 21,898 shares in the company, valued at approximately $388,032.56. The trade was a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.