Analysts Point To Suburban Propane Partners LP (NYSE: SPH) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Suburban Propane and Historic Tours of America Unite to Support Lincolnville Museum and Cultural Center in Celebration of Black History Month.

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Stocks Info

As a NYSE listed company, SPH falls under the Utilities sector while operating within the Utilities – Regulated Gas industry segment. The current market capitalization of Suburban Propane Partners LP is $1.28B. A total of 0.54 million shares were traded on the day, compared to an average of 684.52K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SPH has seen 37 BUY and 37 SELL insider trades, representing the acquisition of 393,914 and the disposition of 245,172 shares. Over the last 12 months, there were 39 BUYs and 39 SELLs from insiders. Insiders purchased 445,930 shares during that period but sold 250,422.

In the most recent transaction, STIVALA MICHAEL A sold 45,000 shares of SPH for 17.36 per share on Jan 02. After the transaction, the President & CEO now owns 288,291 company shares. In a previous transaction on Dec 04, Brinkworth Douglas sold 9,000 shares at 17.15 per share. SPH shares that SVP- Prod.Sup,Purch.&Logistics owns now total 163,659.

Among the insiders who sold shares, Sankara Nandini disposed of 10,000 shares on Nov 30 at a per-share price of $17.04. This resulted in the VP Marketing & Brand Strategy holding 55,246 shares of SPH after the transaction. In another insider transaction, Palleschi Craig sold 5,000 shares at $16.98 per share on Nov 28. Company shares held by the VP-Renewable Nat Gas Opers now total 23,401.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Suburban Propane Partners LP pays an annual dividend of $1.30, resulting in a dividend yield of 6.50%, and it has a price to earnings (P/E) ratio of 10.39. SPH’s most recent ex-dividend date was 2/5/2024 when it declared a $0.3250 quarterly dividend that was paid in cash on 2/13/2024. Previously, the company paid the dividend on 11/14/2023 with an ex-dividend date of 11/6/2023. The SPH stock dividend was $0.3250 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SPH in the last 3 months, the mean price target is $17.00 with high estimates of $17.00 and low estimates of $17.00. In terms of 52-week highs and lows, SPH has a high of $22.33 and a low of $14.42.

As of this writing, SPH has an earnings estimate of $0.63 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.64 per share and a lower estimate of $0.62.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. SPH’s latest balance sheet shows that the firm has $5.81M in Cash & Short Term Investments as of fiscal 2021. There were $1.25B in debt and $287.15M in liabilities at the time. Its Book Value Per Share was $8.60, while its Total Shareholder’s Equity was $425.42M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SPH is Buy with a score of 2.00.

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