Suburban Propane Partners, L.P. (NYSE:SPH):
Suburban Propane Partners, L.P. Declares Quarterly Distribution of $0.8875 per Common Unit.
The company is so far trading down by -4.36 percent from yesterday’s close.
Additionally the company declared a dividend that will be paid on Tuesday November 8th, 2016. The dividend will be $0.888 per share for the quarter or $3.55 on an annualized basis. This dividend represents a yield of $10.41. The ex-dividend date will be on Friday the 28th of October 2016.
Shares last traded at $32.68 slightly below $33.13, the 50 day moving average and which is marginally under the 200 day moving average of $33.00. The 50 day moving average was down by -1.36% and the 200 day average went down by -0.96%.
Suburban Propane Partners, L.P.’s P/E ratio is 284.17 and the market cap is 1.99B. In the latest earnings report the EPS was $0.12 and is expected to be $0.43 for the current year with 60,789,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.88 and the next full year EPS is anticipated to be $1.91.
Several brokerage firms have issued ratings on Suburban Propane Partners, L.P. of late. On October 13 the company was upgraded from “” to “Buy” in a report from Stifel. On July 20, 2016 Janney Capital starting coverage on SPH with an initial rating of “Neutral”.
On June 10 the stock rating was downgraded to “Neutral” from “Buy” in a statement from UBS. Citigroup raised the price target and downgraded the stock on May 20 changing the price objective from $29.00 to $32.00 and changing the rating from “Buy” to “Neutral”.
On May 20 the company was downgraded from “Buy” to “Neutral” with a current price target of $32.00 in a report issued by Citigroup. On March 18, 2016 the stock rating was set at “Hold” by Stifel Nicolaus which was a cut from the previous “Buy” rating.