Sprague Resources LP (NYSE:SRLP) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.
Sprague Resources (NYSE:SRLP) last announced its quarterly earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.40). The company had revenue of $513.63 million for the quarter, compared to analysts’ expectations of $529.66 million. Sprague Resources had a net margin of 1.77% and a return on equity of 29.64%. On average, analysts expect Sprague Resources to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Sprague Resources LP (NYSE:SRLP) opened at $25.45 on Friday. The stock has a market cap of $589.51, a price-to-earnings ratio of 12.88 and a beta of 1.40.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be given a dividend of $0.6225 per share. This represents a $2.49 annualized dividend and a yield of 9.78%. This is a boost from Sprague Resources’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Friday, November 3rd. Sprague Resources’s payout ratio is presently 119.70%.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Sprague Resources from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Sprague Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st.
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Sprague Resources Company Profile
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