Suburban Propane Partners, L.P. (NYSE:SPH):
Suburban Propane Partners, L.P. to Hold Fiscal 2016 Full Year and Fourth Quarter Results Conference Call.
The company is down by -4.36 percent from yesterday’s close.
Additionally Suburban Propane Partners, L.P. announced a dividend for shareholders to be paid on Tuesday the 8th of November 2016. The dividend will be $0.888 per share for the quarter which is $3.55 annualized. The dividend yield will be $10.41. The ex-dividend date will be on Friday October 28th, 2016.
Company chares are trading at $32.68 which is just a bit below $33.13, the 50 day moving average and a tad under the 200 day moving average of $33.00. The 50 day moving average went down by -1.36% whereas the 200 day average was down by -0.96%.
Suburban Propane Partners, L.P. currently has a P/E ratio of 284.17 and market capitalization is 1.99B. In the latest earnings report the EPS was $0.12 and is estimated to be $0.43 for the current year with 60,789,000 shares presently outstanding. Next quarter’s EPS is expected be $0.88 with next year’s EPS projected to be $1.91.
Analysts have released ratings on SPH of late. On October 13 the stock rating was upgraded to “Buy” from “” in a report from Stifel. On July 20, 2016 Janney Capital added SPH to its research portfolio with an initial rating of “Neutral”.
On June 10, 2016 the stock rating was rated “Neutral” by UBS which was a cut from the previous “Buy” rating. Equity analyst Citigroup both downgraded the stock and raised the price target on May 20 boosting the price target from $29.00 to $32.00 and cutting the rating from “Buy” to “Neutral”.
On May 20 the company was downgraded from “Buy” to “Neutral” and a price target of $32.00 was set in an announcement from Citigroup. On March 18 the company was changed to a “Hold” in a report from Stifel Nicolaus a cut from the previous “Buy” rating.